Stocks rally as GDP slows. Fed rate hopes rise
Markets advanced after the Commerce Department reported second quarter GDP growth slowed to 2.5 percent, aiding optimism that the Fed may pause rate hikes. Core inflation cooled expected gains while employment costs rose. stock indexes led weekly gains as investors weighed inflation risk and policy prospects.
MENTIONED IN THIS ARTICLE
New York
Fed
Commerce Department
Federal Reserve
Wall Street
New York Stock Exchange
Treasury
Middle East
Nigeria
New York Mercantile Exchange
Tim Swanson
National City
Labor Department
Kleintop
University of Michigan
GOP Leaders Tie Wage Hike To Estate Tax Cut Plan
GOP leaders push a combined minimum wage increase from 5.15 to 7.25 over three years with a cut in multimillionaire estate taxes, banking on popular tax breaks and a pension reform bill. Senate opposition and House moderates resist linking the wage rise to tax cuts, while Democrats decry the move as political blackmail.
MENTIONED IN THIS ARTICLE
Washington
House
Senate
Harry Reid
D-Nev
Reid
GOP
Kevin Madden
John Boehner
Ohio
Republican Party
Bill Frist
Rtenn
U.S
Frist
Carolyn Weyforth
Senate Finance Committee
Charles Grassley
Iowa
Edward Kennedy
D-Mass
Congress
Steny Hoyer
Maryland
Hoyer
Steve LaTourette
Grain futures mixed as soybean climbs on CBOT
Soybean futures rose on Friday on the Chicago Board of Trade while overall grain futures finished mixed. Wheat for September gained one cent to $3.88 a bushel, with other grains mixed in the session.
MENTIONED IN THIS ARTICLE
Chicago
Chicago Board of Trade
Grain market moves push September corn to 2.37
The Associated Press reports September corn fell 44 cents to 2.37 a bushel while September oats dropped 2 cents to 1.95 a bushel and August soybeans rose 2 cents to 5.76 a bushel marking latest trading in the commodity market.
Stockyards Springfiled Hogs Prices and Illinois Direct Trade
Eastern Cornbelt carcass prices for various inch bf levels range from 58.00 to 71.30. Today's negotiated purchases total 8,144. Illinois Direct Hogs Laws show trading steady with moderate to good demand and offerings. US 1-3 300-400 lbs 26.00-29.00, 400-500 lbs 27.00-31.00, 500-600 lbs 29.00-32.00, over 600 lbs 32.00-34.00. Boars under 300 lbs 28.00-82.00, over 300 lbs 12.00-15.00.
MENTIONED IN THIS ARTICLE
Springfield
Illinois
Alcoa Inc
Clear Channel
Kinder Morgan
Qualcomm
Altria Group Inc
Coke
Kroger
Regions Financial
Ameren
ConAg
Lee Ent
Apple
Lowes
Ryerson Tull Cvs Corp
Sears Holding
Applied Materials
Devon
Federated Dept
Southern Co
Archer
Dillard's
McDonalds
Southwest
Avaya Financial
Dollar General
Metlife
Sun Micro
AXA
DuPont
Microsoft
Super Valu
Baker Hughes
Fifth Third
Unova
Bemis
Nbty Inc
Mips Technologies
First Data Corp
US Bancorp
Bob Evans
Ford Motor Co
Occi
USG
Boeing
O'Charleys
Verizon
BP Amoco
Gen. Motors Snr
Walgreens
Brunswick
Harley Davidson
Nt Bane
Wal-Mart
Canadian Rail
Harrah's
Pepsi
Watson Pharma
CAT
Intel
Wendys
CBRL
Pepsi Americas Integra
Pfizer
Wachovia Ciena Corp
JC Penney
Pier
Securities, Inc
CIFRA
Jones Soda Co
ProFac Coop
Carbondale
CINF
Kerr McGee
Prudential
NYSE
SIPC
New York
Jpmorgch
Wsands
At&tine
Lehinner
AbtLab
LillyEli
AMD
Ae Aetna
Lucent
Alcatel
Alcoa Memc II
Marinta
Altria
Marsh
Amovill
MasseyEn
McAfee
AmTower
Medtrnic
Avaya
MargStan
MargSt
BakrHu
Motorola
BkofAm
Nabors
BKNY
NatSemi
Barrickg
Newmtm
BellSouth
Newscpa
BemaGold
NokiaCp
BestBuy
NorflkSo
NortelNt
BostonSel
Nucor
BrMySq
Offept
CIGNA
Celestic
Phelpsd
Cendant
ProvtGam
ChesEng
Pulter
Chevron
QwestCm
CVRD
Seagatet
ANY ConocPhil
Selectra
MetlAir
SwstAirs
Corning
CotwdFn
SprintNex StarworHd
Disney
TalwSem
DowChm
TenetHith
Dynegy
Texinst
Etrade
Emco
Elan
TitanMt
Exelon
TallBros
ExxonMbl 1
Transccn
FirstData
GenElec Gateway Usbanerp
Ussteel
GnMotr
Uldhith
Golderp
Valeroe
Goldmans
VerizonCin
Gtelevia
Viacomb
Hcalnc
VivePort Hallibin
Wachovia
Harrahe
WalMart
Hewlettp
Walterlnd
WsteMinc
Honwilind
WellPoint iSh
Brazil
Ishhk
iShJapan
Inco
Wyeth
IngerRd
Xerox
Also Mentioned on This Page
Christopher Wang
Associated Press
Jeff Kleintop
PNC Financial Services Group
Dow Jones
Standard
Poor's
Russell
The
Custom Homes
General
Carterville Community Unit
Beavers
Cartervillelions.com
Phoenix Cycles
S. Illinois
Lee
Mike Snider
Hee-Haw Fame
CARNI
Mike
Gunder Yaw Fame
Williamson County
State of
Minds
Williamsoncountyfair.com
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