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Newspaper
Southern Illinoisan
Location
Carbondale, Illinois, United States of America
Date
Jan 07, 2003
Page
5
Soybeans slipped from four month highs on the Chicago Board of Trade after late selling erased gains amid renewed export optimism from China. Corn and wheat closed mixed with a cautious stance ahead of Friday's winter wheat seeding report. March prices moved little or rose slightly for some grains.
AP dispatch reports Hog trading at Stockyards Peoria with barrows and gilts steady and variances by weight. Sows remain steady across weight classes, boars priced per weight. Cattle market shows 175 head trading moderately. higher quotes for choice slaughter steers and heifers, cows insufficient to form a market.
Investors priced in a Bush economic plan, sending the Dow up 171.88 to 8,773.57 and lifting the Nasdaq to 1,421.32 as hopes for dividend tax cuts and other relief spurred a broad market rally. The S&P 500 rose to 929.01 as traders anticipated a Tuesday rollout of stimulus measures.
The market ends up with Dow Jones at 8773.57 after a 171.88 rise, with S P 500 at 929.01 and Nasdaq 1421.32. Volume totals reach 1.8 billion NYSE shares while analysts cite a $600 billion 10 year tax savings plan and political critique of double taxation on dividends.
Online retailers posted double digit gains and outpaced brick and mortar sales this holiday season with estimates from Jupiter Research Nielsen NetRatings ComScore and others showing growth from roughly 17 to over 24 percent. Analysts cite free shipping as a major driver but warn profits may suffer.
Monday's most active stocks include AOL, AT&T, AmEx, Intel, Alcoa, Alcon, Citigroup, Disney, DowChm, DuPont and more with varied closes, highs and lows. overall activity shows mixed gains and losses across many major firms.
United Airlines slashes coach fares for direct Chicago and Denver flights and connections to those hubs by up to 40 percent with seven day advance purchase cuts up to 70 percent. The move aims to attract business travelers and revive demand after filing for Chapter 11 bankruptcy protection.
The New York launch places Everyday Food in a crowded market with a focus on recipes that use readily available ingredients and can be prepared in about 30 minutes. Analysts say the magazine leverages the Martha Stewart brand while not centering on her name.
Pass Heating and Air Conditioning pitches a limited time sale promising factory fresh premium air conditioners and an 80 percent efficient furnace for 578 labor only, if installed by January 31st from inventory. The ad offers no obligation, a $50 gift, and urges readers to consider Pass Heating even without buying.
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