Stocks Gain as Fed Outlook Lifts Markets in Renewed Confidence
Wall Street rose for the second straight day led by the Dow up 157.14 points to 9,920.00, with Procter & Gamble boosting gains and Intel upgrades aiding tech stocks. Nasdaq rose 20.59 to 1,934.03 and S&P 500 added 16.63 to 1,130.20 as economists point to a recovering economy and 0.4 percent December income rise supporting a turn from recession.
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Market Close: Dow at 9920 as indexes rise broadly
Dow Jones ends at 9920.00 up 157.14 after a session where Standard & Poor’s 500 climbs to 1130.20, Nasdaq reaches 1934.03 and NYSE volumes total 1.905 billion shares. Broad gains across major indices with 2112 issues higher and 1002 lower.
Enron withholds data as Senate probes debt web
Senate Commerce subcommittee chairman Byron Dorgan says Enron has not supplied crucial documents on partnerships used to hide debts. Enron’s lawyer claims cooperation. Kenneth Lay may testify next Monday, while GAO says it will sue to force White House document disclosure related to energy policy.
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Enron workers seek billion in 401k losses in bankruptcy fight
About 15,000 Enron employees claim $1 billion in 401(k) retirement losses after the collapse. They urge a judge to let their lawsuit proceed despite bankruptcy protections, arguing workers’ claims should take priority over banks and creditors. Eli Gottesdiener represents the employees. Enron did not comment.
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Closing Stock Prices New York NYSE Most Active Stocks
Thursday’s NYSE list shows a roundup of trading with numerous stocks, prices, highs and lows. Companies include AT&T, IBM, Exxon, Microsoft, Coca Cola, Ford, General Electric, Boeing, Intel, American Express, DuPont, Intel, and more with varied price movement and volume figures.
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New York
NYSE
Grain futures finish mixed as soybeans rise on funds
Chicago soybeans firmed after a late fund buying wave while corn stayed flat and oats slipped. Wheat edged up on expectations of a rebound from a recent downturn as March deliveries posted modest gains.
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Chicago Board of Trade
Stockyards Springfield market report shows uneven carcass bids
Eastern Cornbelt carcass prices rose 0.5 to 0.9 inch backfat ranges 54.06 to 61.36 dollars. Illinois Direct Hogs Sows negotiations total 10,935 with light demand for light to moderate offerings. Hog prices span 23.00 to 31.00 for various weight classes, boars 18.60 to 36.00 for under 300 pounds and 12.00 to 15.00 for over 300 pounds.
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Foot Notes Foot Notes miles on them no one should
A fragment mentions miles on foot notes and asserts no one should. The text is incomplete, offering limited context on who is involved or what event or item these notes pertain to.
Microsoft to pay legal bills of states that settled lawsuit
Nine states that settled the Microsoft antitrust case will receive about 10 million dollars to reimburse legal costs. New York leads with over 4.4 million, while Wisconsin gains 1.71 million plus 65 thousand for a joint fund. Remaining states Kentucky Louisiana Maryland Michigan and North Carolina also settled. A March judge review follows.
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