Stocks rise as market shrugs off profit warning
Stocks edged higher reversing a four day Dow loss as investors weighed a Bristol-Myers Squibb profit warning and cautious earnings outlooks amid Middle East tensions and uncertain economic recovery. Dow gained 36.88 to 10235.17. Nasdaq 5.40 to 1789.75. S&P 500 up 0.94 to 1126.34. Bristol-Myers fell 5.55 to 32.15.
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euCod IC
Coke
Lowesaya Qualcomm
May Dept. Stores
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Conag
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CVS Corp
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Applied Materials
Devon
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Lee Ent
Proxim Inc
NYSE
SIPC
Clear Channel
New York
Bristol- Myers
Bristol-Myers
Barry Hyman
Ehrenkrantz King Nussbaum
Dow
Standard & Poor
Middle East
Dow Jones Closes Higher Amid Mixed Index Moves
The Dow Jones Industrial Average rose to 10,313.71 after a 48.99 gain from 10,265.00. The S&P 500 stood at 1,070.40 with 7.40 points up, while the Nasdaq Composite fell 58.22 to 1,804.40. NYSE volumes show revised daytime activity at 1,172,049,683 with after-hours 13,900,317 and consolidated 1,433,402,700.
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Standard&Poors
NYSE
Microsoft challenges AOLs commitment in standards case
Microsoft questioned AOLs dedication to open standards as AOL urged a judge to compel Microsoft to follow such standards. An AOL witness testified during antitrust penalties discussions by nine states. An internal AOL email suggested AOL joined a major standards group after Microsoft showed intent to join. The Liberty Alliance, backed by Sun Microsystems, aims to create a universal online identity for e commerce with General Motors American Express and Nokia among members. AOL joined in December ahead of the deadline, a move Pepperman said was for PR.
MENTIONED IN THIS ARTICLE
Washington
Microsoft
America Online
AOL
Richard Pepperman
Liberty Alliance
Sun Microsystems
Wheat futures retreat on Bt weather forecasts
In Chicago trading, wheat futures eased as forecasters predict a rainy weekend for the dry winter-wheat belt. Soybeans and corn posted mixed results with May wheat down to 2.80 a bushel, May corn up to 2.012, May oats at 2.15, and May soybeans at 4.59 a bushel as expectations for relief in the U.S. winter-wheat crop grow.
MENTIONED IN THIS ARTICLE
Chicago
Chicago Board of Trade
U.S
Stockyards Springield carcass prices and hog bids report
Eastern Cornbelt carcass prices were not well established with ranges for different backfat thickness. Illinois direct hog purchases totaled 13,564 with bids easing and light to moderate demand. 1 3 300 400 lb hogs ranged 24.00 to 26.00, up to 28.00 for some 400 500 lb, and higher bids for heavier hogs. Boar prices varied by weight from 12.00 to 23.50.
MENTIONED IN THIS ARTICLE
Springfield
Illinois
Andersen and Deloitte deal reshapes U S operations
Arthur Andersen LLP announced that a significant number of its U S tax partners and professionals will join Deloitte Touche as the Enron scandal jeopardizes Andersen U S operations. The firm aims to survive as a slimmer auditing focused company while layoffs loom for up to 28 000 U S staff.
MENTIONED IN THIS ARTICLE
Chicago
U.S
Arthur Andersen LLP
Deloitte & Touche
Andersen
Enron Corp
Volcker
Larry Gorrell
Arthur Andersen
Andersen Worldwide
Federal Reserve
Paul Volcker
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