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Newspaper
Southern Illinoisan
Location
Carbondale, Illinois, United States of America
Date
Apr 22, 2003
Page
5
Dow Jones rose to 8 328 90 with an 8 75 gain as blue chips led a broad session. S&P 500 slipped to 892 01, NYSE fell to 5 004 98 while Nasdaq gained to 1 424 37 driven by select tech issues. Volume showed 1 809 up prices 1 431 down and 184 unchanged.
On Monday, U S stocks dipped as traders locked in gains from last week's rally despite strong early earnings from 3M and Merck. The Dow fell 8.75 points to 8328.90, the Nasdaq slipped to 1424.37, and the S&P 500 edged to 892.01 as investors awaited GDP and consumer confidence data and guidance for future quarters.
Stockyards Peoria AP report shows hogs trading moderately with barrows and gilts steady and weights 230 to 280 pounds at 31 to 33 dollars. Sows steady across weights from 300 to 700 pounds with 23 to 26.50 dollars. Boars under 300 pounds at 24 with over 300 pounds at 6. Cattle trade steady. 75 head, choice slaughter steers and heifers around 76. The cow market not enough to establish a value.
Readings show varied move in blue chips as US Bancro United Technologies and Verizon climb while Xerox and Wyeth slip. Notable shifts include ViacomB Vodafone and Wells Fargo edging lower with mixed intraday data across large cap names.
The Conference Board reported a 0.2 percent drop in its Leading Economic Index to 1106 for March, pressured by higher oil prices, war risks, and potential terrorist threats. Analysts note consumer expectations and limited investment or export growth as risks to future demand, though Apr data hint declines may ease.
In Chicago futures trading soybean prices slipped as SARS fear in China weighed on demand while Midwest rains offered crop support. Corn dipped and wheat rose on light activity with May contracts showing small changes across soybeans, corn, and oats.
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