Accounting worries spark broad stock selloff on Wall Street
New questions about Tyco International and Enron Corp. accounting led to a wide market decline as investors doubted corporate bookkeeping. The Dow fell 220 points to 9,687.09, with the Nasdaq and S&P 500 also lower amid weak earnings outlooks and high prices.
MENTIONED IN THIS ARTICLE
New York
Tyco International
Enron Corp
Wall Street
Dow Jones
Enron
Tyco
Barry Hyman
Ehrenkrantz King Nussbaum
Dow
Standard & Poor
Grain futures slate falls as wheat leads CBOT slide
Wheat futures dropped over 2 percent on the Chicago Board of Trade weighed by weak demand and slow winter wheat exports. March wheat slid 6% to $2.80 a bushel as corn oats and soybeans posted small gains.
MENTIONED IN THIS ARTICLE
Chicago
Chicago Board of Trade
Hogs and cattle prices at Stockyards Peoria AP summary
Hogs trading moderately active with barrows and gilts steady. Sow weights steady with 300-700 lb ranges. boars over 300 lb at 16.00, under 300 lb at 30.00. Cattle trading moderately higher than last Monday. slaughter steers and heifers up to 68.00 per hundredweight. cows not enough to establish a market.
MENTIONED IN THIS ARTICLE
Peoria
Dow Jones Closes Lower After Day’s Volatile Trading
Market snapshot shows Dow Jones High 9905.46 Low 9677.54 closing at 9687.09, up 220.17 from session? S&P 500 at 1094.44 fell 27.76, NYSE Composite 562.64 down 13.12, Nasdaq 1855.53 up 55.71, Wilshire 5000 at 10245.23. Volume across NYSE and consolidated totals topped 3.3 billion issues traded with 944 advancers and 2200 decliners.
MENTIONED IN THIS ARTICLE
Alcoa Inc
Lowes
Ameren
May Dept
Apple
Maytag
Applied Materials
McDonald
Archer
Metlife
Microsoft
Avaya Financial
AXA
MIPS
Baker Hughes
Nbty Inc
Bemis
Occi
Petrol
Birm
Steel
Bob Evans
Super Value
Eateries
Union Planters
Fifth Third
First Data Corp
Unova
Ford Motor Co
US Bancorp
USG
Gen Dyn
Verizon
Harley Davison
Harrah's
Wachovia
Intel
Walgreens
Wal-Mart
Integra
JC Penney
Wendys
Kerr McGee
Worldcom
Kinder Morgan
First Kmart
Union Securities Inc
Carbondale
Kroger Lee Ent
NYSE/SIPC
Hithsth
Prinnel
NEW York (Ap
Capone Hewlett P
NYSE
Carolina
Cendant
HomeCp
Prudent N
AES Cp
Circtyce
Honwilind
QwestCm
Aflacs
Citigro
Houshini
RadioShk
ClearChan
IBM
Raytheon
AOL
RiteAid
At&t S
Jabil Att Wels
Compaq
John Jns
SBC
AbtLab
Compas
Daimhc
Schimb I
Agere Ni
Kroger
Schwab
Alcoa
Deere
Lehmer
Allergan
Disney
Libtyma
SciAtlanta
AldWaste
DowChm
Lockhdm
Solectra
Allstate
Duke Egg
Lowell
Spratfon
Lucent
Spratpcs
Amdocs
Amovill
Etrade
Mbna SymbIls
AmExp
EMC Cp
Masco
TaiSems
Ahomep
Ekodak
Mattel
Teradyn
Edisoniat
Texinst
Medtrnic
Toyru
AnalogDev
ElPasoCp
Transoen
ApplBio
Elan
Merck
Avaya
EDS
MerrillLyn
Tycointl
BakrHu
Enterasys
Micront
UAL
BankOne
Exxon' S
Mirant
US Bancrp
FanniMae
UtdTech
BkofAm
MorgStan
VerizonCm
Bkny Tot
FleetBost
Motorola Bard
Fordm
Newmtm
Viacomb
Barrickg
Nortel Nw
GenElec
Nortrog
WalMart
BellSouth
BestBuy
OffcDpt
Walgun Boeing
GMH
Penney
WA Mats II
BrMySq
Gillette
PepsiCo
WsteMinc Ole
Goldmans
Pfizer
WellsFrgo
Broadwing Guidant
WmsCos
CVS Cp
Hallibin
PhilMor
Calpine
Harleyd
Placerd
Xerox
Wall Street Falters Over Enron Fallout and Skepticism
Investors contend this year is weak as doubts about the economy and corporate reporting mount. They fear more firms may be in worse shape than their results show. A three-board-member Enron report accusing deliberate misrepresentation and Ken Lay’s decision not to testify deepen market concern.
MENTIONED IN THIS ARTICLE
Wall Street
Enron
Ken Lay
Banks Tighten Lending Standards Amid Slump
The Federal Reserve reports 55 large U.S. banks show tighter loan standards for large and midsize companies at 45.4 percent, small businesses at 41.8 percent, and consumer credit and loans modestly higher in October, with mortgage standards largely unchanged. The economy contracted last year but shows cautious signs of recovery as refinancing funds are used to cut debt and buy goods.
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve
U.S
Fed
Federalreserve
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