Market Mixed As First Quarter Ends In Quiet Trade
New York stocks showed a mixed performance in the final session of a strong first quarter of 1991. The Dow slipped 3.71 to 2913.86 while NYSE breadth favored advances 859 to 679 with 507 unchanged. volume totaled 151.32 million on the floor and 183.65 million NYSE-listed shares nationwide. The Dow gained 280.20 points in Q1, NASDAQ rose about 29 percent, and major indexes varied: S and P composites fell slightly, while AMEX rose 1.52.
MENTIONED IN THIS ARTICLE
NEW York
Wilshire Associates
NYSE
Standard & Poor
S&p
Dollar rises against yen amid Bank of Japan intervention
In Tokyo the dollar jumped to 139.95 yen, up 1.55 from the prior 138.40, despite intervention by Japan's central bank. The Nikkei 225 index rose 102.27 points to close at 26,206.92, a 0.39 percent gain.
MENTIONED IN THIS ARTICLE
Tokyo
Japan
Stock Exchange
IBM to Cut Workforce Amid Earnings Slump
IBM plans a world wide job cut of over 10 000 this year about 2 7 percent following the sale of laser printer and office products operations. The move aims at savings of 200 million in 1991 and 800 million annually in later years, with most cuts via voluntary programs and attrition. Despite the layoffs the company says the accounting adjustment for pension obligations and the job reductions will not materially affect 1991 results.
MENTIONED IN THIS ARTICLE
New York
International Business Machines Corp
IBM
Peter Thonis
Armonk
N.Y
Jobless claims stay high in March with 510000 new filings
Washington reports 510000 initial unemployment claims for the week ending March 16, after 519000 the prior week, signaling ongoing recession. Analysts note weak income growth and rising joblessness, with projections of 6.7 percent or higher unemployment in March.
MENTIONED IN THIS ARTICLE
Washington
Labor Department
Department
Bruce Steinberg
Merrill Lynch
New York
Commerce Department
Bush
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Dow Jones
Allg Pwr
ATT
Avemco
Baltge
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Bell All Black Dr
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Fcnb Corp
E&m Bancorp
First Bank of Fred
Ae Frederick
Trading Co
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GTE Corp
Hech B
Ferris, Baker Watts, Inc
Frederick
I. Chicago
Chicago Board of Trade
Wed
U.S. Department of Commerce
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Small Business Administration
Caribbean Basin
14Th Street
Constitution Avenue
Paul Moore
Tom Gause
Maryland Small Business Development Center Network
Friendly Farm
Westminster
Rich Florence
Marketing Visions
AP Stock Quotes
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F&m
Farmers & Mechanics National Bank
Skeleta
Mattis
Carrera
Feam Farmers and Farmers and Mechanics
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