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Newspaper
Southern Illinoisan
Location
Carbondale, Illinois, United States of America
Date
Apr 23, 2002
Page
5
New York listed shares show wide moves across many names led by major players such as Kroger, Exxon Mobil, Pfizer, and General Electric. Prices vary with notable declines in some, while others edge higher, reflecting diverse activity on the NYSE with volume noted for several issues.
In Chicago trading on the CBOT corn futures posted gains while wheat and soybeans fell. Traders priced in spring planting delays as weekend rain hit winter-wheat belt soils. May wheat slipped to 2.64 per bushel, May corn edged up to 1.98, May oats rose to 1.51, and May soybeans declined to 4.70 per bushel.
Eastern Cornbelt prices for various carcass depths range from 37.19 to 47.53 per hundredweight with most near midpoints. Illinois Direct Hogs today show steady to firm bids despite light demand, with 300-400 lb hogs at 18.00 to 22.00, 400-500 lb at 22.00 to 23.00, 500-600 lb at 22.00 to 25.00, and over 600 lb at 24.00 to 26.00. Boar bids: under 300 lb 12.00 to 20.00, over 300 lb 10.00 to 15.00.
Bill Gates took the stand to challenge state penalties in the antitrust case calling measures crippling. He warned remedies would stifle Windows development and hurt consumers, suggesting layoffs or removing Windows if penalties proceed, while arguing for continued innovation and the PC ecosystem.
New York AP reports bleak earnings forecast from Ericsson sparks broad market selloff as technology heavy Nasdaq plunges 38 points and the Dow slides 120 points amid light trading and investor apathy. The S&P 500 falls 1.5 percent to 1107.83 with few bullish predictions influencing buyers.
UBS Warburg executive Robert Harrington says weakness in telecom and tech persists as investors demand clearer earnings improvement. Dow Jones finishes at 10,136.43, down 120.68 with broad weaker results across S&P 500 NYSE Nasdaq and Wilshire indices. after hours and consolidated volumes indicate active trading.
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