Stocks fall on GE disappointment
Mixed earnings from General Electric and a reported SEC inquiry into IBM pushed U S stock markets lower in a broad decline. The Dow fell 205.65 to 10176.08 and the Nasdaq lost 41.83 to 1725.24, with GE down 3 45 to 33 75 and IBM dropping 4 82 to 84 19 as investors seek clearer signs of economic recovery.
MENTIONED IN THIS ARTICLE
New York
General Electric
IBM
Wall Street
Sears, Roebuck
Charles White
Avatar Associates
Dow
SEC Insight
Federal Securities and Exchange Commission
SEC
Senate probes tax evasion amid offshore moves to Bermuda
Senate Finance Committee hears from Daniel Bullock and other tax evaders about easy schemes and weak IRS trust in tax codes. Senators Baucus and Grassley back bills to curb offshore headquarters as tens of billions evade annually. Bullock, an orthopedic surgeon, serves 18 months for his role while cautioning citizens on the price of avoiding tax forms.
MENTIONED IN THIS ARTICLE
Washington
Daniel Bullock
U.S
Senate
Bullock
Senate Finance Committee
Max Baucus
Charles Grassley
Bermuda
Baucus
Montana
California
Internal Revenue Service
Grain futures slide on weak export sales at CBOT
Disappointing weekly export sales pushed wheat and corn futures lower on the Chicago Board of Trade. Soybeans also fell as May corn dropped to $1.98 a bushel and May wheat to $2.71, with oats at $1.72 and soybeans at $4.58. The USDA report showed corn exports down 54 percent from the prior week, signaling supply outpacing demand for now.
MENTIONED IN THIS ARTICLE
Chicago
Chicago Board of Trade
U.S. Department of Agriculture
Dow Jones Closes Higher Amid Broad Stock Moves
Dow Jones Industrial Average ends at 10,176.08 after a 205.65 point gain as major indices fall in later hours. S&P 500 sits at 1103.69 down 26.78, Nasdaq Composite at 1725.24 down 41.83, NYSE and Wilshire totals show mixed activity with large after hours and consolidated volumes reported.
Stockyards Springfield Hog Prices Edge Lower Across Board
Eastern Cornbelt carcass prices mostly one dollar lower with weekly ranges across BF weights. Illinois Direct Hogs show light to moderate demand and prices slipping one to two dollars. 300-400 lbs 20.00-23.00, 400-500 lbs 21.00-24.00, 500-600 lbs 23.00-27.00, over 600 lbs 25.00-23.00. Boars under 300 lbs 13.00-19.00, over 300 lbs 11.00-14.00.
MENTIONED IN THIS ARTICLE
Alcoa Inc
Coke
Lowes
Qualcomm
Ameren
May Dept. Stores
Ryerson Tull
Conag
Apple
CVS Corp
Maytag Sears Applied Materials
Devon
McDonald
Solutia
Archer
Dillard's
Metlife
Southern Co
Avaya Financial
Dollar General
Microsoft
Southwest
AXA
DuPont
Sun Micro
Mips Technologies
Baker Hughes
Eateries
Nbty Inc
Super Value
Bemis
Fifth Third
Occi. Petrol
Union Planters
Birm. Steel
First Data Corp
O'Charley's
Unova
Bob Evans
Ford Motor Co
Old Nat. Banc
US Bancorp
Olin
USG
Boeing Gen Dyn
BP Amoco
Harley Davisoni
P-Com
Verizon
Brunswick
Harrah's
Penzo
Kinder Morgan
Pier
First Cifra
Kmart
Polaroid
Union Securities, Inc., Cinf
Carbondale
Kroger
ProFac Coop
Clear Channel
Lee Ent
Proxim Inc
NYSE
SIPC
Illinois
Also Mentioned on This Page
LSI Log
Lehmer
AES Cp Libtyma
AOL
LillyEli
At&t S
ATT Wels
Lockholm
AbtLab
Accentren
Lucent
AMD
Agere
Mattel
Agilent
Alcoa
Medirnic
AmExp
Merck
Bk of Am
Mirant
Bkny
MorgStan
Barricks
Motorola
Baxters
NetwirAse
BellSouth
Newmtm
Boeing NewsCp
BrMySq
NokiaCp
Cablvsnny
NortelNw
Calpine
CapOne
Carnival
Penney
Cendant
PepsiCo
ChesEng
PerkElms
Citigrp
Compaq
Proctg
Compas
Conseco
Providf
QwestCm
Corning Raytheon
CrwnCstle
RiteAid
CwnCork
Disney
RoylDut
SBC Com
Safeway
Schergp
Duke Egg
Schimb
EMC Cp
Ekodak
Schwab
Sears
el PasoCp
Selectra
Elan
SP Labs
EDS
Enterasys
Spratfon
Exxonm S
Spratpcs
FanniMae
StarwdHdl
Stilwellf
FstData
FirstEngy
SumtPro
FleetBost
TaiwSems
Fordm
Telmexl
GenElec
Teradyn
Texinst
Gillette
Goldmans
Travelers
Hewlett P
UtdMicro
HomeDp US Bancro
Honwilintl
UtdTech
HostMarr
VerizonCm
Houshint
Viacomb
ICN Phrm
Vodafone
Wachovia
WalMart
Walgrn
Jpmorgch
WA Muts If
Jabil
WellsFrgo
Johnnns
Wyeth
vjKmart
Xerox
Kohls
YankColl
Springfield
Emma James
Dillard's Charge
Visa
MasterCard
American Express
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