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Southern Illinoisan in Carbondale, Illinois

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This newspaper page contains 5 articles. Subscribers can read the full text of each article.

Newspaper

Southern Illinoisan

Location

Carbondale, Illinois, United States of America

Date

Jan 08, 2003

Page

5

Bush tax cut proposal little effect on stock prices

Wall Street showed muted response to President Bush's plan to cut taxes as traders took profits after a strong rally. The Dow fell 32.98 points while the Nasdaq gained 10.25 and the S&P 500 slipped 6.08, with analysts noting the move reflects profit taking and uncertainty over congressional approval.

New York Wall Street Bush Congress Lynn Reaser Banc of America Capital Management Dow

Dow Jones Endures Slight Gain Amid Broad Market Pressure

Wall Street closed modestly higher led by industrials as the Dow rose 32.98 points to 8,740.59 while the Nasdaq dipped and the S&P 500 slipped 6.08 to 922.93. Volume surged on NYSE with over 2.02 billion total shares traded and mixed results across major stocks.

Dow Jones

Pilots approve 29 percent cut in United bankruptcy plan

United Airlines pilots ratified a 29 percent interim pay reduction during bankruptcy, with 77 percent voting and 92 percent of those approving. Dispatchers and meteorologists also agreed to 13 percent cuts, while flight attendants and machinists braces for upcoming votes.

Chicago United Airlines United

Eastern Cornbelt carcass market slides on light trade

Stocks report shows prices slipping across weight ranges with 0.5 to 0.9 inch backfat figures 38.00 to 47.57. Illinois direct hog purchases total 17 109 with lighter demand for larger offerings. Boar prices span 12.00 to 18.00 for under 300 pounds and 4.00 to 6.00 for over 300 pounds.

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Grain futures rally boosts corn, mixed grain prices on CBOT

In Chicago grain trading the March corn contract rose 4 cents to $2.40 a bushel as wheat fell 3 percent to $3.27 a bushel and oats and soybeans gained slightly. The technically inspired rally supported prices amid light CBOT activity.

Chicago Chicago Board of Trade

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