Mixed stocks buoy on 3M upbeat forecast amid Middle East fears
Wall Street edged up as 3M lifted sentiment while gains were capped by cautious tech shares amid a rumor of an IBM profit warning. Dow rose 36.47 to 10271.64, week and index trends softened with Nasdaq and S&P lower. Middle East tensions weighed on oil and earnings optimism.
MENTIONED IN THIS ARTICLE
New York
Wall Street
IBM
Middle East
Dow
Standard & Poor
S&p
Prudential Securities
Larry Wachtel
Mideast
Wachtel
Dow Jones Ends Higher as Traders Digest Mixed Signals
Dow Jones Industrial Average closes at 10,271.64 up 36.47 after a day of varied moves. S&P 500 sits at 1122.73 down 3.61, Nasdaq Composite at 1770.03 down 19.72, and NYSE Composite at 590.76 down 0.25. Volume across NYSE shows revised 4 p.m. totals of 1.10 billion shares, with 1,872 issues higher and 1,269 lower. 200 unchanged.
MENTIONED IN THIS ARTICLE
NYSE
3M Surges on Strong Q1 Profit Outlook Dow Gain
The Dow’s top gainer 3M jumped $7.81 to $121.93 after forecasting first quarter earnings of $1.20 a share, beat by 9 cents. The maker of Scotch tape cited cost cuts and layoffs as factors while Salomon Smith Barney and Credit Suisse First Boston lifted Dow ratings. Aluminum giant Alcoa rose $1.12 to $38 on in line earnings, as the technology sector slumped further amid recession fears.
MENTIONED IN THIS ARTICLE
Dow
Salomon Smith Barney
Credit Suisse First Boston
Dow Industrial
Alcoa
Wall Street
Soybean futures bounce on CBOT correction amid technical gains
Chicago soybeans rose modestly after a week of selling on the Chicago Board of Trade as investors trimmed losses. Wheat fell 0.03 dollars to 2.77 a bushel, corn slipped 0.01 to 2.00, oats gained 0.12 to 2.16, and soybeans rose 0.06 to 4.65.
MENTIONED IN THIS ARTICLE
Chicago
Chicago Board of Trade
Stockyards Report From Springfield On Eastern Cornbelt Prices
Eastern Cornbelt carcass prices were 0.50 to 0.75 lower with varying bf cuts from 43.58 to 50.27 for 0.5 inch to 0.6 inch, and down to 40.25 to 48.04 for 0.9 inch. Illinois direct hog purchases totaled 12,390 with steady to 1.00 lower prices and light demand. 1-3 300-400 lbs 23.00-25.00, 400-500 lbs 25.00-27.00, some 28.00, 500-600 lbs 27.00-30.00, some 26.00, under 300 lbs boars 20.00-22.00, over 300 lbs 12.00-15.00, mostly 13.00.
MENTIONED IN THIS ARTICLE
Alcoa Inc
Coke
Lowes
Qualcomm
Ameren
Conay May Dept
Ryerson Tull
Apple
CVS Corp
Maytag
Sears Applied Materials
Devon
McDonald
Solutia
Archer
Dillard's
Metlife
Southern Co
Dollar General
Microsoft
Southwest
Avaya Financial Sun Micro
AXA
DuPont
Mips Technologies
Baker Hughes
Eateries
Nbty Inc
Super Value
Bemis
Fifth Third
Occi, Petrol
Union Planters
Birm. Steel
Unova
First Data Corp. O'charley’s US Bancorp
Bob Evans
Ford Motor Co
Old Nat. Banc
USG
Boeing
Gen Dyn
Olin
BP Amoco
Harley Davison
P-Com
Verizon
Brunswick
Harrah's
Penzoil
Wachovia
Walgreens
CAT
Intel
Pepsi
Wal-Mart
Can Nat's Rail
Integra
Pepsi Americas
CRBL
JC Penney
Pharmacia
Wendys
Kerr McGee
Worldcom
Chester Bancorp
Phillip Morris
First Ciena Corp
Kinder Morgan
Pier
Union Securities, Inc
CIFRA
Kmart
Polaroid
Carbondale
CINF
Kroger
ProFac Coop
Ent
Proxim Inc
NYSE
SIPC
Clear Channel
New York
AES Cp
AOL
At&t S AS
ATT Weis
AbtLab
Accentre
AMD
Alcoa
Alcon
Allergan Amdocs
AmExp
AmintGp
AmTower
Americdt
AnalogDev
BMC Sft
BP PLC BakrHu
Cablvsnny
Calpine Capone A
Cardalh S
Citigrp
ClearChan CocaCl
Compaq
CompAs
Conseco
Corning Darden
Disney
DowChm
DuPont DukeEgg
EMC Cp
Ekodak
Elan
EDS
Enterasys
Exxonm S
FanniMae
Fedrds
FstData
FleetBest
Fordm
FredMac
Gap Genentech
GenElec
GnMetr
GMH
Globalsfe
Goldmans
Goodyear
Guidant
Hallibin
Hewlettp
HomeDp
Honwillint
IMS Hith
IBM
IntPap Interpublic
Jpmorgch
Johndas
LillyEli Limited
Lucent
Mbna Af
Micront
Mirant
MorgStan
Motorola
NetwirAse
Newmtm
NokiaCp
Norteinw
OGE Engy
Peabdye N
Penney
PepsiCo
Pfizer
PhilMor
Proctg
Providf
Prudent
QwestCm
RailAm
Raytheon
SBC Com
SabreHold
Schergel
Schimb
Schwab
SierrPac
Solectra
SwstAirs
Spratfon
Spratpcs
TainSems
Target
Texinst
Transocn
Travelers
US Bancro
UtdTech
WA Muts If
WatsnPh
WellsFrgo
WmsCos
Wyeth
Xerox
Springfield
Illinois
Jobs rise in March hints at recovery despite higher jobless rate
U S companies added 58 000 jobs in March the first gain in eight months and the unemployment rate rose to 5 7 percent Experts cited a shift toward recovery with temporary help firms adding 69 000 positions and services payrolls rising 118 000 The Dow gained 36 47 points as analysts warned the rate may peak near 6 percent by June.
MENTIONED IN THIS ARTICLE
Washington
U.S
Labor Department
Mark Zandi
Economy.com
National Association of Manufacturers
Jerry Jasinowski
Wall Street
Ken Mayland
ClearView Economics
February consumer borrowing rises driven by cars and vacations
Americans borrowed briskly in February led by nonrevolving credit for autos and vacations, with total consumer credit up 7.1 billion dollars at a 5.1 percent annual rate. Revolving credit rose modestly while nonrevolving credit surged, signaling continued spending in the rebound from the 2001 recession.
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve
Fed
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Anno Yon
Imunwidanall
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Nois Centre
Wndtractor
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Carterville
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Berkline
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Chromcraft Holland House & More
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