Market holds steady as recovery doubts linger
New York stocks barely moved amid cautious trading as investors awaited the Federal Reserve Open Market Committee meeting. The Dow rose to 9,865.75 after paring intraday losses, while the Nasdaq gained 0.3 percent and the S&P 500 barely changed. Analysts cited murky forecasts and uncertain corporate outlooks delaying a clear market recovery.
MENTIONED IN THIS ARTICLE
New York
Federal Reserve
Fed
Standard & Poor
Matt Brown
Equity
Wilmington Trust
Dow Jones Closes Lower After Mixed Earnings Shifts
The Dow finishes at 9865.75, down 25.67 points with the Nasdaq up 6.21 to 1943.91 and the S&P 500 at 1133.06 down 0.22. Volume across NYSE and consolidated totals runs high as investors await fourth quarter earnings guidance.
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Alcoa Inc
Lowes
NEW York (Ap
Ameren
May Dept. Stores
NYSE
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Maytag
McDonald
Houshini
Archer
ACE Ltd
IMS Hith
Metlife
AMR
IBM
Avaya Financial
Microsoft
AOLTW
AXA
Baker Hughes
Nbty Inc
At&t S AS
Jpmorgch
Bemis
ATT Wels
Jabil
Occi
Petrol
AbtLab
Johndas
Birm. Steel
Nat. Banc
Bob Evans
Olin
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AMD
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P-Com
Agilent
LSI Log
Amoco Pennz Pil Quaker
Alcoa
Brunswick
Pepsi
Libtyma
CNRI
AmExp
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CAT
Pepsi Americasl
Ahomep
Lockhdm
Lowesl
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Phillip Morris
AmTower
Chester Bancorp
Pier
Lucent
Ciena Corp
Americat
Cifra(v
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Marathon
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Anheust
Proxim Inc
Clear Channel
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Coke
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Merck
Ryerson
Buss
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BP PLC
Merrillyn
CVS Corp
Bakr Hu
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Micront
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Southern Co
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NorflkSo
USG
Calpine Nortel Nw
Penney
Intel
Walgreens ChevrnTex
PepsiCo
Integra
Wal-Mart
Pfizer
Phil Morene
Kinder Morgan
First
Proctg
Kmart
Union Securities Inc
CompAs
Carbondale
ConAgra
Prudenti N
Ent
SIPC
Conseco
Corning
QwestCm
CwnCork
Raytheon
RiteAid
CypSem
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DuPont
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Goldmans
Walgrn
Guidant
WA Mutls II
Hallibin
WellsFrgo
Hanover
Weyerh
WisCom
Hewlett P
Varn
Wheat Futures Slump on Weak Demand in Chicago Trade
In Chicago futures trading wheat dropped sharply as demand remained weak, with corn also down and soybeans modestly higher. Wheat for March delivery fell 7 cents to 2.91 a bushel, corn slipped to 2.07, oats fell to 1.91, while soybeans rose to 4.31 a bushel as selling pressure eased late session.
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Chicago
Chicago Board of Trade
Argentina
Hog and cattle prices at Stockyards Peoria AP report
Hogs trading moderately, barrows and gilts up .50 with price ranges for various weight classes. Boars listed, cattle activity noted with choice slaughter steers and heifers up about one dollar, cows lacking buyers. Slaughter steer and heifer price bands provided, with weight ranges and quality categories.
MENTIONED IN THIS ARTICLE
Peoria
Andersen CEO says firm will survive without merger
Arthur Andersen chief executive Joseph Berardino acknowledged loss of business due to the Enron scandal but said the firm can survive without a merger and is not pursuing one. He argued Enron's collapse was not Andersen's fault and pledged cooperation during investigations.
MENTIONED IN THIS ARTICLE
Chicago
Arthur Andersen
Joseph Berardino
Enron
Andersen
Berardino
Toys R Us to Close 64 Stores and Cut 1900 Jobs
Toys R Us plans to shut 64 U.S. stores and cut about 1,900 positions as part of a drive to cut costs and boost profits. The layoffs include roughly 1,350 store staff and 550 in support services, with about 70,000 employees worldwide. The firm cites weak economy and post 9/11 fallout as factors and says it may test groceries or baby apparel alongside toys.
MENTIONED IN THIS ARTICLE
Trenton
N.J
Toys R Us Inc
U.S
Toys R Us
John Eyler
Wal-Mart
Kids R Us
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