Tech stocks tumble as IBM and Microsoft warn on recovery
In New York on Friday cautious outlooks from IBM and Microsoft drove tech shares lower. The Nasdaq fell 2.8 percent to 1930.34 and closed the week down 4.6 percent, with IBM and Microsoft among the weak components. The Dow slid 0.8 percent to 9771.85 and the S&P 500 shed 1.0 percent as investors question the start of any recovery.
MENTIONED IN THIS ARTICLE
New York
Microsoft
IBM
Wall Street
Intel
Dow Industrial
John Forelli
John Hancock Core Value Fund
NYSE Most Active Stocks Close In New York
New York AP reports Friday closing prices for NYSE listed most active stocks. The list shows varied gains and losses with notable movers among the actively traded issues.
MENTIONED IN THIS ARTICLE
New York
NYSE
Stockyards Springfield Eastern Cornbelt carcass prices mixed
Eastern Cornbelt carcass values vary with mostly steady tone across weights from 0.5 to 0.9 inch bf. Illinois direct hog purchases total 13 653 with lighter demand for small lots and price ranges listed for mixed weight hog classes and boars.
MENTIONED IN THIS ARTICLE
Springfield
Illinois
Dow Jones Ends Higher as Trading Closes at 9771 Point
Market roundup shows Dow Jones Industrial Average at 9,771.85, up 78.19 from prior close. S&P 500 rests at 1,127.58 (-11.30), Nasdaq Composite at 1,930.34 (-55.48), and Russell 2000 at 474.37 (-8.02) with NYSE volume reported at 1.33 billion in after-hours figures and 1.60 billion consolidated. Total issues traded numbered 330 with 1,232 gainers, 1,880 decliners, and 223 unchanged.
MENTIONED IN THIS ARTICLE
IBM
Microsoft
Dow
Standard & Poor
Houshini IBM
ACE Ltd
Jpmorgch
John Jns
AES Cp
Kmart
Aflac S
Kmart F Pf
AOL TW
At&t S
Kroger
LSI Log
ATT Wrls
Libtyma
AbtLab
AMD
Lilly Eli Lowes
Ageren
Lucent
Alcoa
Mbna Aoi
Allstate
ManorCare
AmExp Marathon
Ahomep
Maxter
AmTower
McDalds
Medtrnic
Americdt Merck
AnalogDev
Annaly
Merrilllyn
BMC Sft
MetrisCos
Micront
BP PLC
MMM
BankOne
Bk of Am
Mirant Bkny
MorgStan
Motorola
Bard
NtSemi
Barrickg
BellSouth
Newmtm
Nagmh
Boeing
NokiaCp
Calpine
Nortel Nw
CapOne AW
Cardalh S
PepsiCo
Cendant
PetrolGeo Citigro
Pfizer
ClearChan
Providf
Conoco
QwestCm
Conseco Raytheon
Cnvrgys
RiteAid
Corning
RoylDut
CrwnCstle
SBC Com
Disney Safeway
DowChm
Schergp
DuPont
Schimb
Duke Egg
Etrade
Schwab
SciAtlanta
EMC Cp
Selectra
EOG Res
SouthnCos
Ekodak
SwstAirls
Eipasoco Spratfon
Elan
Spratpcs
EDS
TainSems FanniMac
TenetHit
FleetBost
Texinst
FosterWh
US Bancro
FredMac
Gap
AtdTech
Gateway
VerizonCm
Viacomb
Genentech Vodafone
GenElec
GaMetr
Wachovia
GaPacif
WalMart
WA Mutis If
Goldmans
Hallibin
Waters Hanover
Wells Frgo
HomeCo
WmsCos
Honwlinti
Xerox
Alcoa Inc
Clear Channel
Lee Ent
QCOM
Ameren
Coke
Lowes
Ryerson
Apple
Conag
May Dept. Stores
Sears
Applied Materials
CVS Corp
Maytag
Solutia
DVN
McDonald
Southern Co
Archer Metlife
Southwest
Old Nat. Banc
US Bancorp
Bob Evans
Ford Motor Co
Olin
USG
P-Com
Verizon
BP Amoco
Gen Dyn
Harley Davison
Pennz Pil Quaker
Brunswick
Harrah’s
Pepsi
Walgreens
CNRI
Intel
Pepsi Americas
Wal-Mart
CAT
Integra
Polaroid
Union Securities Inc
Ciena Corp
Kinder Morgan Cifra(v
ProFac Coop
Carbondale
CINF
Proxim Inc
NYSE
SIPC
Grain futures dip on wet weather and weak sales
In Chicago trading, soybeans led a market slide as forecasts of heavier rainfall in Brazil and Argentina pressured prices. Corn and wheat retreated on sluggish export demand with oats and soybeans also down. March soybeans off 5 1/4 cents, wheat at 2.98, corn at 2.11 3/4 per bushel.
MENTIONED IN THIS ARTICLE
Chicago
Chicago Board of Trade
South America
Brazil
Argentina
U.S
Recession Helps Narrow Trade Deficit In November
The November trade deficit fell to 27.9 billion as demand for foreign goods weakened. Oil imports plummeted 17.4 percent to 6.5 billion, the lowest since July 1999, while crude oil priced at 17.41 a barrel. Economists cited consumer confidence rebound and signs the downturn may have bottomed, with forecasts of around 3 percent growth by year end.
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Washington
Treasury
John Taylor
Commerce Department
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