Dow Falls Sharply As Earnings Warnings Roil Markets
Stocks dropped after warning signals from DuPont Hewlett Packard and Computer Associates. The Dow slid 61.28 to 9,128.91, marking a third straight loss and erasing a midday dip. S&P 500 dipped 0.99 to 1,164.08 as Computer Associates tumbled amid Asia earnings concerns. Disney and IBM posted mixed results while United Technologies rose modestly to cushion the Dow.
MENTIONED IN THIS ARTICLE
New York
DuPont
Hewlett- Packard
Computer Associates
Standard & Poor
Hewlett-Packard
Dow
Mer
Asia
Disney
IBM
United Technologies
Wall Street
Market tickers and figures from mixed stocks and funds
Readable stock table fragment lists numerous tickers and percentage changes from diverse companies and funds. Notable entries include Hasbro Garan Navistar IBM Coca Cola and Walmart with various values. The block blends prices and gains across multiple sectors, presenting a dense snapshot of market activity.
House backs normal trade policy with China despite complaints
The House voted 264 to 166 to extend China’s normal trade status for another year, despite criticisms of human rights, unfair practices, and weapons proliferation. Supporters say engagement using trade pressures reforms, while opponents warn of influence buying and missiles.
MENTIONED IN THIS ARTICLE
Washington
China
House
Beijing
Clinton
U.S
Gerald Solomon
R-N.y
United States
Robert Matsui
D-Calif
Democracy Movement
Congress
Afghanistan
Laos
Cuba
Serbia
North Korea
Vietnam
Nancy Pelosi
Marion Berry
D-Ark
White House
GM and UAW face arbitration as strikes reach 200000 plus
GM and United Auto Workers lawyers meet an arbitrator in Detroit while more than 200000 workers are affected by the strikes. GM says about 192300 workers at 27 assembly plants and over 100 parts plants are idled, with 3400 at the Pontiac East plant. The strike impact threatens the 1999 pickup launch and potential damages of over 1.2 billion.
MENTIONED IN THIS ARTICLE
Detroit
General Motors Corp
United Auto Workers
Automaker
North America
Flint
Mich
Pontiac
Oshawa
Ontario
Charlotte Grim
UAW
Budget Surplus Seen For 1998 On Strong Tax Receipts
Washington AP reports a $51.1 billion June surplus and a $67.1 billion nine month surplus, driven by higher tax payments and robust economy. Revenues hit $1.31 trillion for nine months, outlays $1.24 trillion, with analysts and the Clinton administration projecting sizable year end surpluses. The June gain is below 1997’s level due to a calendar quirk shifting payments earlier.
MENTIONED IN THIS ARTICLE
Washington
Clinton
Congressional Budget Office
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Nyse Diary
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NatVisa
OhioCas
EchoBay
Garan
Hasbro
SteriSofts
Hero Stonec
SunMate
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WPS Res
Wachovia
WalMart
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WashGs
Welimn
Wendys
Wdigit
Wstpc
Westvaco
Whrip
Wiliamss
WinDix
WiscEn
Wrigley
Xerox Mn
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Grina
Hitda
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Hyada P
I Munk
Militin
GeoBi Pro
Otemon
Templeton
Tfnjad
NaziCity
Chrysir
Navistar
HK Tel
HorMans Ye
Kmart
Diebold
Kaneb
Dimon
Disneys
Kennmit
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LSB Ind
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Lis
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Lockholm
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Morgan
Motorola
Mylan
By Jim Abrams
Associated Press Warner
NEW York Stock Exchange
By Brian S. Axre
AP Auto Writer
Raleigh General Hospital
Amabile Milano
American Board of Plastic Surgery
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