Wall Street ends week with lull as blue chips lead
Investors retreat from tech amid caution and mixed earnings. Dow rises 0.5 percent to 10,257.11 while Nasdaq slips 0.3 percent to 1,796.83 and S&P edges up 0.06 percent. Microsoft gains after Merrill Lynch upgrades to buy, Sun Microsystems and International Paper beat forecasts. FBI warning on unsubstantiated terror threats to banks adds to market nerves.
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Dow Jones Ends Higher With Broad Advance
Dow Jones Industrial Average closes at 10,257.11, up 51.83 points from the session, as 1,735 issues rise, 1,384 fall, and 219 hold steady, signaling widespread gains across the index.
Carnival Pleads Guilty To Ocean Waste Dumping
Carnival Corp, the world’s largest cruise line, admitted discharging oily waste from bilge tanks on five ships Ecstasy Sensation Fantasy Imagination and Paradise from 1998 to 2001. The plea includes false entries in records and a $18 million fine plus five years of court supervision and an enhanced environmental compliance plan.
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