Stocks Fall Ahead Of Earnings Reports In Slump
New York investors leaned toward selling as earnings season loomed and the Dow Jones Industrial Average posted a sixth straight loss. The market weakness followed Greenspan remarks about a stabilizing but risky economy, with traders forecasting more declines before company results.
MENTIONED IN THIS ARTICLE
New York
Alan Ackerman
Fahnestock & Co
Dow
Federal Reserve
Alan Greenspan
A.C. Moore
Dunvegan Associates
Santa Barbara
Calif
Prudential Securities
PPI
Mayland
Wall Street
Dow Jones
Dow Jones Closes Lower After Day’s Volatile Trade
Dow Jones Industrial Average ends at 9,891.42, down 96.11 from earlier, as the day sees mixed results across major indexes. S&P 500 sits at 1,138.41 with a 7.19 gain, Nasdaq Composite at 1,990.74 up 31.72, and Russell 2000 down 6.93 to 483.01. NYSE volume totals reach 1.56 billion with 1,245 issues gaining, 1,914 losing, and 182 unchanged.
MENTIONED IN THIS ARTICLE
Standard&Poors
NYSE
New York
Aflacs
AOL
At&t S
ATT Wels
AbtLab
Accentre
AMD
Ageren
Alcoa
Amdocs
AmTower
Americdt
Anadrk
AnalogDev
Apache
Avaya
Buss
BMC Sft
BakrHu
BankOne
Bk of Am
Bkny
Barrickg
Baxters
BellSouth
BestBuy
Boeing
BrMySq
Calpine
Cardalh S
Cendant
ChesEng
ChevrnTex
Citigrp
ClearChan
CocaCl
Compaq
Conoco
Conseco
Corning
CwnCork
Disney
Dollars
DowChm
DuPont
DukeEgg
Dynegy
Etrade
EMC Cp
EQG Res
Ekodak
el Paso Cp
Enterasys
ExxonMs
FanniMac
FleetBost
Fordm
FredMac
Gap
Gateway
GenElec Taf
GMH
Gillette
Goldmans
HCA Inc
Hallibin
Hithsth
Hewlettp
HomeDp
Honchlint
Houshint
Jpmorgch
Johanis
Kmart
Kraft
Kroger
LSI Log
Libtyma
LillyEli
Lowes S
Lucent
MBNA
Aof
Medtrnic
Merck 1
Merrilllyn
Micront
Mirant
MorgStan
Motorola
NtSemi
Newmtm
Ningmh
PepsiCo
Pfizer
Pridevit
Proctg
Providf
Prudent
QwestCm
Raytheon
RiteAid
SBC Com
Safeway
Spratfon
Spratpcs
TainSem
Target
TenetHit
Teradyn
Texinst
Toyru
Tycolntl
UtdMicro
US Banero
UtdTech
VerizonCm
Viacomb
Vodafone
Wachovia
WalMart
Walgrn
WA Mats
Weathfint
WellsFrgo
Wdigit
Willamt
WmsCom
WmsCos Bof
WmsCos UN
Xerox
Alcoa Inc
Coke
Lowes
Ryerson
Ameren
Conag
May Dept. Stores
Sears
Apple
CVS Corp
Maytag
Solutia
DVN
McDonald
Applied Materials
Southern Co
Archer
Dillard's
Metlife
Southwest
Avaya Financial
Dollar General
Microsoft
AXA
MIPS
Sun Micro
Super Value
Baker Hughes
Eateries
Nbty Inc
Union Planters
Bemis
Fifth Third
Occi. Petrol
Birm. Steel
Old Nat. Banc
Unova
First Data Corp. US Bancorp
Bob Evans
Ford Motor Co
Olin
USG
Gen Dyn
P-Com
BP Amoco
Harley Davison
Pennz Pil Quaker
Verizon
Brunswick Wachovia
Harrah's
Pepsi
CNR
Intel
Pepsi Americas
Walgreens Cat
Integra
Pharmacia
Wal-Mart
CBRL
Wendys
JC Penney
Phillip Morris Worldcom Chester Bancorp
Kerr McGee
Pier
Ciena Corp
Kinder Morgan
Polaroid
Market declines offset by limited gains on earnings news
Market commentator Bryan Piskorowski cautioned that signs of economic improvement remain elusive as stocks slid across sectors. IBM, Juniper, J P Morgan Chase and Yahoo fell while retailers like Dillard's Kmart dipped on Moody's ratings actions. Fannie Mae edged higher after beating earnings estimates.
MENTIONED IN THIS ARTICLE
Bryan Piskorowski
Wall Street
IBM
Juniper Networks
J.P. Morgan Chase
Yahoo
Commerce Department
Dillard’s
Moody’s Investors Service
Kmart
Moody's
Fannie Mae
Wholesale prices fall 1.8 percent in 2001 economy study
The Labor Department reports a 1.8 percent annual drop in the producer price index, the largest in 15 years, driven by energy price declines amid weak demand. Economists anticipate subdued consumer inflation and possible further rate moves by the Fed, as stocks slide and shoppers reap bargains.
MENTIONED IN THIS ARTICLE
Washington
Labor Department
Oscar Gonzalez
John Hancock Financial Services
U.S
Ken Mayland
ClearView Economics
Fed
WTO appeals panel rules against U S in tariff case
The WTO in Geneva ruled against a U S law giving multibillion dollar breaks to Microsoft Boeing and other firms operating abroad. The EU could seek up to 4 billion dollars in sanctions while urging Washington to comply and keep talks open.
MENTIONED IN THIS ARTICLE
Brussels
Belgium
World Trade Organization
United States
European Union
U.S
Atlantic
WTO
Geneva
Microsoft
Boeing
Clinton appointee Meyer to leave Federal Reserve board
Federal Reserve Governor Laurence Meyer said he will step down when his term ends January 31. Appointed by President Clinton, Meyer has served since June 1996 and will leave alongside Edward Kelley Jr. creating two board vacancies ahead of the next FOMC meeting. Greenspan praised his contributions as the Fed contemplates further rate moves amid a sluggish economy.
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve
Laurence Meyer
Clinton
Meyer
Bush
Fed
Edward Kelley Jr
Kelley
Federal Open Market Committee
Missouri
Washington University
St. Louis
Alan Greenspan
Susan Schmidt Bies
Mark W. Olson
Eastern Cornbelt carcass prices and hog sales report
Eastern Cornbelt carcass prices show light trading with negotiated Illinois direct hog purchases totaling 12 419. Prices vary by fat thickness from 0.5 to 0.9 inch with bids and ranges listed. Hog weights 300 to 600 plus pounds show steady to light demand, with boars under 300 pounds at 18 to 23 and over 300 pounds at 12 to 15.
MENTIONED IN THIS ARTICLE
Springfield
Illinois
Soybeans Rally as Brazilian Drought Buoys Prices
Grain futures in Chicago moved higher as South American weather supported soybeans amid Brazil crop concerns. Wheat, corn, and oats fell with March prices at $3.06, $2.11, and $1.90 per bushel respectively while soybeans rose to about $4.46 per bushel.
MENTIONED IN THIS ARTICLE
Chicago
Chicago Board of Trade
Also Mentioned on This Page
Pascal Lamy
Lamy
Federalreserve.gov
Best One
Tire & Service
Mastercraft
Courser MT
Eqwes
N. Court
Marion
S. Commercial
Harrisburg
Main
Carbondale
Boan CIA
Www
Southernillinoistire.com
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