Market stalls amid accounting concerns
New York AP report says Wall Street paused a rebound as investors seek bargain prices but fret over accounting practices after Enron. Dow fell 1.66 to 9,685.43 with S P 500 and Nasdaq also down. Reliant Resources and Tyco led declines amid restatements and acquisitions scrutiny.
MENTIONED IN THIS ARTICLE
New York
Wall Street
Enron
Tyco
Wall Street Journal
Dow Jones Closes Higher At 9685.43 As Volume Rises
Major indices show mixed to negative moves with Dow Jones at 9685.43 up 1.66 from session high. S&P 500 slips to 1090.02 down 4.42, Nasdaq 1838.52 up 17.01, NYSE composite 560.60 down 2.04, and Russell 2000 at 468.82 down 1.27 amid heavy trading volume of about 2.18 billion consolidated shares.
MENTIONED IN THIS ARTICLE
Standard & Poor
NYSE
Alcoa Inc
Clear Channel
Lee Ent
Qccom
Ameren
Coke
Lowes
Ryerson
Apple
Conag
May Dept. Stores
Sears
CVS Corp
Solutia
Applied Materials Dvn
Maytag Archer
McDonald
Southern Co
Avaya Financial
Dillard
Metlife
Southwest
AXA
Dollar General
Microsoft
Sun Micro
DuPont
MIPS
Super Value
Baker Hughes
Eateries
Nbty Inc
Union Planters
Bemis
Birm, Steel
Fifth Third
Occi. Petrol
Unova
Bob Evans
First Data Corp
Old Nat. Banc
US Bancorp
Ford Motor Co
Olin
USG
Boeing
Gen Dyn
P-Com
Verizon
BP Amoco
Pennz Pil Quaker
Wachovia
Brunswick
Harley Davison
CNRS
Harrah's
Pepsi
Walgreens
Intel
Pepsi Americas
Wal-Mart
CAT
Integra
Pharmacia
Wendys
CBRS
JC Penney
Phillip Morris
Worldcom
Chester Bancorp
Kerr McGee
Pier
New York
Hewlettp
Houchlint
Houshint
IBM
AOL TW
At&t Sws
ATT Wels
Jpmorgch
AbtLab
Jabil
Johnnis
AMD
Ageren
vjKmart
Agilent
Kroger
Alcoa Lsi
Lehmer
Allergan
Amdocs
Libtyma
AmExp
Lockhdm
LoralSp
AmTower
Lowell
AnalogDev
Lucent
Mbna Af
Avaya
BakrHu AG
BankOne
MellonFne
BkofAm
Merck
BKNY
Merrilllyn
Barrick
Micront
Baxters
Mirant
BellSouth
MorgStan BestBuy
Motorola
Broadwing
NortelNw
CVS Cp
OrionPw
Cablysnny
PepsiCo
Calpine
Pfizer
CapOne
PhilMor
Celestic G
Placerd
Cendant
PrinFacin
ClearChan
QwestCm
Cocacla2
RadioShk
ColgPal
ReliantEn
Compaq
ReliantRs
CompAs
RiteAid
Corning
SBC Com
Disney
DowChm
Safeway
Schergel
Schwab
DukeEgg
Dynegy
SciAtlanta
Etrade Sherwin
Selectra
EMC Cp
Spratfon
Edisoniat
el Paso Cp
Spratpcs
Elan Sprint UN
TaiwSems
Transcen
Tritonpcs
Exxonm S
FanniMae
FleetBost
UtdMicro
Fordm
US Bancro
UtdTech
FredMac
Gap
VerizonCm
Gateway
Viacomb
GenElec
Vodafone
GMH
Goldmans
WalMart
Guidant
Walgrn WS
HCA Inc
WA Mats If
Hallibin
WsteMine
Hanover
WellsFrgo
Harleyd
WmsCos
Hithsth
Xerox
FBI seizes documents from Suprema Specialties headquarters
The FBI searched the Newark New Jersey premises of Suprema Specialties Inc removing manufacturing and financial records. The cheese maker of Suprema di Avellino products faced an internal probe after its CFO and comptroller quit on December 21. Nasdaq halted trading that day amid shareholder suits alleging investor misrepresentation of finances.
MENTIONED IN THIS ARTICLE
Newark
N.J
FBI
Suprema Specialties Inc
Manufacturers edge up orders signaling rebound from slump
U.S. factory orders rose 1.2 percent in December after a 4.3 percent drop in November as demand strengthens for semiconductors, household appliances, and machinery. The Commerce Department noted manufacturing jobs fell 1.3 million last year, yet economists see signs the downturn may be ending and investment-led recovery could begin.
MENTIONED IN THIS ARTICLE
Washington
U.S
Commerce Department
Richard Yamarone
Argus Research Corp
Institute For Supply Management
David Hueter
National Association of Manufacturers
Hogs Mixed at Stockyards Peoria as Prices Edge Down
Stockyards Peoria reports moderate hog trading with barrows and gilts down about 1.00. 1-2 230-260 lb hogs bring 39.50 to 40.00, 2-3 260-280 lb hogs 38.00 to 39.50. Lows hold steady across weights, 300-400 lb at 26.50, 400-500 lb 27.50, 500-700 lb 28.50-29.00. Boars over 300 lb 16.00, under 300 lb 30.00.
MENTIONED IN THIS ARTICLE
Peoria
Wheat and cereal futures edge higher onCBT gains
Wheat futures for March delivery rose 2 1/4 cents to 2.83 a bushel while March corn edged up 1/4 cent to 2.0625, March oats gained 3/4 cent to 2.0250, and March soybeans slipped 1 1/4 cents to 4.3275 a bushel after a two month low.
MENTIONED IN THIS ARTICLE
Chicago
Chicago Board of Trade
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