Stocks rise on retail results buoy optimism
Strong holiday sales at Wal-Mart and Yahoo! lift Wall Street as investors turn cautious about a post-Christmas rally. Dow climbs early but ends up 52.73 at 10,088.07 while S P 500 adds 4.72 and Nasdaq gains 16.22. Wal-Mart up 1.02 to 58.15. Yahoo! up .84 to 17.51.
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Market Wrap Dow Closes Higher Amid Volatile Trading
The Dow Jones finished at 10 088.07 up 52.73 as the Standard and Poor s 500 rose to 1149 37 and tech gains boosted the Nasdaq to 1960 70. NYSE volume traded and other sector indices showed mixed moves with the Wilshire 5000 at 10 703 400 billion and total issues near 3 323.
Grain futures slip on Chicago Board of Trade
Chicago AP reports sharp declines in grains and soybeans with Wheat March at 2.84 1/2, Corn January at 1.99 3/4, Oats March at 1.89, Soybeans January at 4.28 1/4. In livestock, Live Cattle February at 70.75, Feeder Cattle January at 85.75, Lean Hogs February at 55.47 and Pork Bellies down 1.25.
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Chicago
Chicago Board of Trade
Stockyards Springfield pork prices and weighted carcass bids
Eastern Cornbelt carcass prices show no comparison, with 0.5 to 0.9 inch bf ranges from 38.55 to 50.69. Today's negotiated purchases total 11,454. Illinois Direct Hogs notes uneven price gains from 20.00 to 26.00 for various weights, with boars at 12.00 to 18.00.
MENTIONED IN THIS ARTICLE
Springfield
Illinois
Record job losses in 2001 surge in the United States
Challenger, Gray & Christmas says U S firms have announced 624,411 job cuts since Sept. 11, surpassing the 12 month totals of 1993 1997. Mitsubishi Heavy Industries plans to cut 4000 jobs over four years, more than 10 percent of its domestic workforce, to finish by March 31 2006.
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Chicago
United States
Challenger, Gray & Christmas
U.S
Tokyo
Mitsubishi Heavy Industries Ltd
Japan
Suncom1
SunCom
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