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Newspaper
Southern Illinoisan
Location
Carbondale, Illinois, United States of America
Date
Feb 26, 2002
Page
5
Grain futures on the Chicago Board of Trade dipped as improved weather outlooks for South America weighed on soybeans. Wheat and corn also fell while oats rose. March wheat down to 2.78 a bushel, March corn at 2.02, oats up to 2.33, and soybeans at 4.36 a bushel.
Hogs trading moderately with barrows and gilts 1.00 lower. Sows steady. boars mixed by weight. Cattle 125 head, choice slaughter steers and heifers 1.00 lower. cows not enough to establish market. Slaughter steers and heifers priced by weight and grade.
General Motors and Sun Microsystems upgrades sparked a rally on Wall Street as investors bought stocks amid a firmer housing report. The Dow jumped 177.56 to 10,145.71, the Nasdaq rose 45.34 to 1,769.88, and the S&P 500 gained 19.59 to 1,109.43 amid mixed views on sustainability and earnings outlooks.
Market close shows Dow Jones High at 10172.55 and Nasdaq up, with S&P 500 near 1109.43. NYSE volumes surge to over 1.33 billion in regular trading and 29.9 million after hours as total consolidated issues reach 3,369.
Americans bought a record 6.04 million existing homes at an annual rate in January, a 16.2 percent rise from December. Economists cited low mortgage rates mild weather and solid price gains as drivers, with consumer spending expected to bolster the recovery.
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