Stocks rise on Citigroup and Bank of America earnings
Citigroup and Bank of America posted stronger than expected profits lifting the market on Monday. The Dow jumped early, edged higher, then gained 0.6 percent to 9,177.15 as investors grew optimistic about a rebound, though a late selloff trimmed gains and traders cited a possible CME trade error or quick profit-taking. Citigroup rose to 47.12 and Bank of America to 83.46 while Intel climbed after Merrill Lynch upgraded it to buy.
MENTIONED IN THIS ARTICLE
New York
Citigroup
Bank of America
Wall Street
Chicago
Mercantile Exchange
Ben
Larry Wachtel
Prudential Securities
Dow
Intel
Merrill Lynch
Market Buzz Returns As Stocks Rally Grow Public Interest
In New York, stocks surge and talk of the market returns from quiet to common. The 2003 rally lifts conversations at gyms and elevators and even features in Sex and the City. Scottrade logs record trading days and jump in June volumes.
MENTIONED IN THIS ARTICLE
Sex and the City
Sarah Jessica Parker
New York Stock Exchange
New York
Heather Dell
Manhattan
Dell
Carrie Bradshaw
Sarah Jessica
Parker
Wall Street
Carrie
Scottrade
States probe Morgan Stanley over house mutual funds pressure
New York and Massachusetts officials announced investigations into Morgan Stanley for pressuring brokers to sell proprietary "house mutual funds" and possibly misleading regulators. They question special adviser compensation for pitching the funds and whether customers were kept in the dark, with calls for disclosure of conflicts and fund cost implications.
MENTIONED IN THIS ARTICLE
Boston
New York
Massachusetts
Morgan Stanley
House
William Galvin
Galvin
Grain futures drift lower on CBOT selloff
Technically based selling pushed soybeans down on the Chicago Board of Trade as July contract expiration weighed on nearby contracts. Wheat and corn eased with market watchers noting a weak news backdrop and favorable Midwest growing conditions for corn. September wheat 3.18, corn 2.12, oats 1.284, soybeans 5.99 per bushel.
MENTIONED IN THIS ARTICLE
Chicago
Chicago Board of Trade
Midwest
Stockyards Peoria Hog and Cattle Prices Report
AP dispatch from Stockyards Peoria shows hogs trading steady with 1 2 230 to 260 pounds at 41.50 to 42.00 and 260 to 280 pounds at 41.00 to 41.50. Sows across weights steady at 31.00 to 34.00, boars 10.00 over 300 pounds and 33.00 under 300. About 100 cattle traded. slaughter steers and heifers mostly 1.00 lower, cows not enough to form a market. Steers 2 3 at 1,050 to 1,350 pounds 71.50 to 72.00. 1,050 to 1,250 pounds 70.50 to 71.50. 1,000 to 1,200 pounds 69.50 to 70.50. Heifers 1,000 to 1,300 pounds 71.50 to 72.00. 1,000 to 1,200 pounds 70.50 to 71.50. 900 to 1,100 pounds 70.
MENTIONED IN THIS ARTICLE
Peoria
Dow Jones Escalates to 9278.41 Amid Broad Market Gain
Dow Jones rose to 9278.41 closing at 9177.15 up 57.56 points. S&P 500 touched 1003.86 with a 5.72 advance while NYSE climbed to 5625.30, up 36.51. Nasdaq Composite reached 1754.82, up 20.89 and Wilshire 5000 at 9676.55 gained 65.62.
MENTIONED IN THIS ARTICLE
AOL TW
HomeDp
At&t Rs
Honclint
ATT Wels
IBM
AbtLab
AMD
JohnJn
Agere
Kohls
Agereb
Kroger Agilent LII Log
Alcoa
Lehmer
Altria
Libtyma
AmExp Aof
Medtrnic
BMC Sft
BP PLC
Merck
Merrililyn
BakrHu AG
Micront
BankOne
Mirant
Bk of Am
Bkny
MorgStan Baxter
Motorola
NtSemi
NokiaCp
BellSouth
Nortel Nw
BestBuy
Boeing
Officemax
Bossec
Penney
PepsiCo
BostSci
Pfizer
BrMySq
CIGNA
Providian
Calpine QwestCm
CapOne W
RiteAid
CarMax
SBC Com
Celestic G
Cendant
Scherg P
Schimb
ChesEng Schwab
CircCity S
SciAtlanta
Citigro
Sears
Claytnh
Coeur
Compas
Spratfon Concefs
Spratpcs
Corning
TainSemi
Disney
TenetHit
Duke Egg
Teradyn
Texinst
Dynegy Toyru
Etrade
Travel A
EMC Cp
Ekodak
Tycolntl
ElPaso Cp
Vjusg
Elan
UtdMicro
WalMart
FirstData
FleetBost
Walgrn
Fordm
Gap
Wdigits Genentech
WmsCos
GenElec
Wyeth
Wyeth 92 29714 48.35 47.16 47.47—.50 GnMetr 2 55514 36.75 36.06 36.30+.56 Xerox
Alcoa Inc
Coke
Lee Ent
Ryerson Tull
Lowes
Sears Altria Group Inc
Conag
Ameren
CVS Corp
May Dept. Stores
Solutia
Apple
Devon
Maytag
Southern Co
Applied Materials
Dillard's
McDonald
Southwest
Archer
Dollar General
Metlife
Sun Micro
Avaya Financial
DuPont
Microsoft
Super Valu
AXA
Eateries
Mips Technologies
Union Planters
Baker Hughes
Fifth Third
Nbty Inc
Unova
Bemis
Occi. Petrol
US Bancorp
First Data Corp. Usg
Bob Evans
Ford Motor Co
O'charley’s
Gen Dyn
Old Nat. Banc
Verizon
BP Amoco
Harley Davidson
Olin
Wachovia
Brunswick
Harrah's
P-Com
Walgreens
Wal-Mart
CAT
Intel
Pepsi
Canadian Rail
Integra
Pepsi Americas
Wendys Cbrl
JC Penney
Worldcom
Kerr McGee
Pier
Wachovia Ciena Corp. Securities, Inc
CIFRA
Tax surcharge on wealthy an expanding middle class threat
Washington AP report notes the alternative minimum tax will affect about one third of taxpayers by 2010 and 97 percent of married couples with two or more children earning 75 000 to 100 000. Experts urge repeal despite potential 1.5 trillion revenue loss through 2018.
MENTIONED IN THIS ARTICLE
Washington
Leonard Burman
Nonpartisan Tax Policy Center
The
Tax Policy Center
Urban Institute
Brookings Institution
Internal Revenue Service
Yahoo Buys Overture to Strengthen Search Engine Lead
Yahoo purchases Overture Services for about 1.6 billion dollars, gaining a key partner and boosting its competitive stance against Google and Microsoft. Overture's ad based search engine enhances Yahoo's revenue stream and threatens MSN's position, with analysts noting rivals may not subsidize each other as Yahoo consolidates a pivotal asset.
MENTIONED IN THIS ARTICLE
San Francisco
Yahoo
Overture
Google
Microsoft
MSN
Danny Sullivan
Search Engine Watch
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Standard & Poor
Doug Sandler
Wachovia Securities
Lightfoot Farms & Greenhouses
Lightfoot Farms
N. Jackson Sq
Rt. 13
Murphysboro
McElroys Hardwood Floor Co
McElroys
Benton Rd
Mt Verrion
Internet
John A. Logan College Center For Business and Industry
Condensed Curriculum International
Jal
CCI
Condensedcurriculum.com
John A. Logan College
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