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Newspaper
Southern Illinoisan
Location
Carbondale, Illinois, United States of America
Date
Apr 23, 2003
Page
5
Eastern Cornbelt carcass prices closed steady to .50 higher with varying fat thickness prices across 0.5 to 0.9 inch bands. Today’s negotiated purchases total 16,895 Illinois Direct Hogs Laws. Demand is moderate with lighter weight sows showing strength. Hog price ranges span 300-600+ lb bands with boars noted.
In Chicago on Tuesday soybeans drop for a second straight session after a late session fund selloff with no clear fundamentals. Wheat falls, corn ends flat as May deliveries show minor moves with oats up slightly.
The Nasdaq and S&P 500 reached three month highs after better than expected corporate results boosted investor optimism. Analysts linked gains to hopes for a late 2003 rebound and Greenspan’s likely reappointment, with Everest Re rising on stronger earnings and AIG advancing on the wave of insurance sector gains.
The Dow Jones Industrial Average rises to 8,484.99, up 156.09, as gains spread across major indexes. S&P 500 sits at 911.37 with 19.36 point gain, Nasdaq 1,451.36 up 26.99, and Russell 2000 at 391.16, up 45.86. NYSE volume totals 1.68 billion in regular trade with 42.3 million after hours.
The House Energy and Commerce Committee has requested HealthSouth financial records and documents from auditor Ernst & Young amid a $2.5 billion fraud case. Lawmakers urge turnover by May 6, citing board oversight and auditing concerns and potential improper Medicare and Medicaid therapy claim reimbursements.
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