New York Stocks Rise in Late Trading Amid Congress Talks
The NYSE edged higher in quiet dealings as investors awaited potential congressional action. Williams Cos led volume as a 170,000 share block lifted JP Stevens, while the composite index gained about 9 points to 47.90 and the AMEX market value index rose to 83.34.
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California welfare costs to drop by 82 billion this year
Sacramento AP says California welfare costs should drop about 82 billion this fiscal year as lower errors cut AFDC payments. Marion Woods, head of the Department of Benefit Payments, cited newly released federal data showing a 4 percent reduction in the program error rate.
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