Dow Falls After Profit Taking On Tech And Cyclicals
The Dow Jones Industrial Average slid 1.09 to 4,755.48 after early gains, with many indexes down as profit taking took hold amid mixed economic signals. IBM, Texas Instruments, and Hewlett Packard led losses in technology shares while financial stocks also declined as Fed rate cut expectations cooled.
MENTIONED IN THIS ARTICLE
NEW York
New York Stock Exchange
Quebec
Canada
Abitibi
Imperial OU
Dow
Alfred &. Goldman
A.G. Edwards & Sons Sinc
St Louis
IBM
Texas Instruments
Hewlett Packard
U.S
Federal Reserve
Bankers Trust New York Corp
Chase Manhattan Corp
Chicago Stocks Slip on Mixed Economic Data
Area markets show modest moves as Chicago Corp dips 1 percent to 67 7/8 while PMI Chicago rose 53.4 in October from 49.0 in September indicating expansion. New home sales rose 3.3 percent in September, mortgage rates stay low, and consumer confidence sits near 97. Stocks gained on upbeat earnings and inflation worries receded. Overseas markets rose with Tokyo, London and Frankfurt higher, while major indices such as S& P 500 and Nasdaq weaken slightly on the day.
MENTIONED IN THIS ARTICLE
Chicago Corp
Purchasing Management Association of Chicago
Conference Board
Eugene Peroni
Janney Montgomery Scott Inc
Philadelphia
Tokyo
London
Frankfurt
Standard&Poor
Grain futures on CBOT Wheat bids in Chicago trading
Futures on the Chicago Board of Trade show wheat activity with open interest at 108,612 and March totals at 15,581. Prices moved with Mar at 504 507, May 473 470, July 423 426, and Sep 427 424, with daily changes around 2 percent.
MENTIONED IN THIS ARTICLE
Chicago
Chicago Board of Trade
OL ‘ Dee
October farm prices rise 11 percent on corn rally
USDA data show October farm prices up 11 percent from a year earlier led by corn at 295 a bushel, soybeans at 6.17, and wheat at 4.71, with gains offset by declines in cattle lettuce hogs and beans. Compared with September, the index rose 1 percent as harvest and exports boosted prices.
MENTIONED IN THIS ARTICLE
Washington
Agriculture Department
Department
Rutchik Catron St Peter & Co Relocate in Frederick
Rutchik Catron St Peter & Co Inc, a business development firm, relocated to 170 W Patrick St Frederick citing growth and a desire to be central. Founders emphasize non linear thinking and outside analysis for practical, creative solutions. The client base spans Canada to Florida with offices in Landover Laconia NH and Washington DC. For more information call 631-5560.
MENTIONED IN THIS ARTICLE
Rutchik, Catron
St. Peter & Co. Inc
W. Patrick St
Frederick
Mike Catron
Rutchik
Catron
Stuart Rutchik
John St. Peter
Mr. Catron
Landover
Laconia
N.H
Washington, D.C
Also Mentioned on This Page
Tuesda
GTE Corp
Dow Jones Industrial
Kmart
AllgPwr
Life Tech
Loral Corp
Alumax Alpha Ind
Loyola Corp
Avemco
Marriott He
Balt GE
MCI
Hs Bell
Mercantile BioWhittaker
Nations Bank
Citizens Bank
Jcpenney
Pepsico
CSX Corp
Coca Cola
Potom el
Comsat
Sears
Crown Amer
Fe Exxon
Ask Wit
Fcnb Corp
Wash Gs
F&m Bancorp
Weis
Me First United
Ferris
We Baker Waits Inc. Giant Foods
California
Lize
Patrick
Ellicott City
Ed Waters Jr
St. Peter
Wet Dreams Dive & Travel
Mount Airy
Professional Association of Diving Instructors
American Nitrox Divers International
Divers Alert Network
Maryland
ACD
Frederick Branch
FDIC
The
Frederick News
Enreg
Compar
Scottsdale Securities, Inc. Discount Stock Brokers
SIPC
Quek & Rely
Merrill Lynch
Ert
Nat Igen
Yeeontera
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