Nasdaq Dives to Eight-Month Low As Dow Slumps
Investors dump stocks amid fears over corporate accounting and overseas conflicts. Tyco chief resigns and Microsoft agrees to settle misrepresentation charges as Nasdaq falls 3.3 percent to 1,562.56 and the Dow loses 215.46 points to 9,709.79.
MENTIONED IN THIS ARTICLE
New York
Enron
Tyco
Microsoft
al Mirman
V Finance
Sarasota
Fla
Dow Jones Closes Down After 215 Point Drop
Market report shows Dow Jones Industrial Average at 9709.79, off 215.46 points. S&P 500 sits at 1040.68, down 26.46. Nasdaq 1562.56 up 53.17. NYSE composite 558.16 and Wilshire 5000 at 9865.09 external figures. After hours NYSE volume totals 15.1 million, consolidated 1.58 billion. More issues lower in price (2313) than higher (879).
MENTIONED IN THIS ARTICLE
Weed Inc
Coke
Lowes Ameren
Qualcomm
Conag
May Dept. Stores
Ryerson Tull
Apple
CVS Corp
Maytag
Sears
Applied Materials
Devon
McDonald
Solutia
Archer
Dillard's
Metlife
Southern Co
Dollar General
Avaya Financial Microsoft
Southwest
AXA
DuPont
Mips Technologies
Sun Micro
Baker Hughes
Eateries
Nbty Inc
Super Value
Bemis
Fifth Third
Occi. Petrol
Union Planters
Birm. Steel
First Data Corp
Unova
Bob Evans
Ford Motor Co
O'charley’s Old Nat. Banc
US Bancorp
Boeing
Gen Dyn
Olin
USG
BP Amoco
Harley Davison
P-Com
Verizon
Brunswick
Harrah's
Penzell
Wachovia
CAT
Intel
Canadian Rail
Pepsi Walgreens
Integra
Pepsi Americas
Wal-Mart
CBRL
JC Penney
Pier
CIFRA
Kmart
Polaroid
First Cinf
Union Securities, Inc
Kroger
ProFac Coop
Carbondale
Clear Channel
Ent
Proxim Inc
NYSE
SIPC
New York
el Paso Cp
EDS
FredMac
AbtLab
Accentre
Genentech Amd
GenElec
Agere
GaMetr
Gillette
Alcatel de
Alcoa
Goldcrops
Alpharma
Goldmans
Hallibin
Hewlett P
Argosy HomeOp
BankOne
Honwillintl
Bk of Am
Houshint II Barrickg
IBM
Baxter
BellSouth
Jpmorgch
Johnnn
BestBuys
Kmart Boeing
Kraft
BrMySq
Kroger Broadwing
LSI Log
Calpine
LehmBr
Cendant
Libtyma ChevinTex
LillyEti
Citigro
LaPac ClearChan
Lowesl
Cocac
Lucent
Coeur
ColgPal J
MGM Mr CompAs
Maxter Conseco
Corning
Medtrnic
CwnCork
MellonFne
Disney
Merck
DowChm
Merrilllyn
DukeEgg
Micront Dynegy
Mirant Etrade
MorgStan
EMC Cp
Motorola
Ekodak
NtSemi Edisoniat
Newmtm
NokiaCp
NortelNw
ParkPlc
PepsiCo
Pfizer
Prudent
QwestCm
ReliantEn
RoylDut
Schwab
SciAtlanta
Smuckern
Selectra
IwstAirs
Spratpcs
TVX Gold
TaiwSems Txu Corp
Teradyn
Texinst
Transcen
UtdMicro
US Steel US Bancro
UtdTech
VerizonCm
Viacomb
Vodafone
WalMart
WA Mad
WellsFrgo
WmsCos
Wyeth
Xerox
Nasdaq Ends Sharp Slide After Dow Dip Below 9800
The Nasdaq fell to its lowest close since October 2 at 1,492.33, with the index dropping 2.5 percent as the sell-off accelerated in the final hour after the Dow dipped beneath 9,800 triggering programmed selling. Institutional investors typically set thresholds to dump stock blocks.
Stockyards Peoria Hog Cattle Prices Report Notes
AP dispatch from Stockyards Peoria shows 1,400 hogs trading with barrows and gilts up 1.50, sows steady across weights, boars mixed by weight. Cattle trading about 100 head, slaughter steers and heifers near steady to slightly lower, cows not enough to fix a market. price ranges listed for various weight classes.
MENTIONED IN THIS ARTICLE
Peoria
Tyco chief resigns amid tax evasion reports
Tyco International chairman and chief executive L. Dennis Kozlowski resigned amid an investigation into potential personal sales tax avoidance. Interim CEO John Fort to lead Tyco as shares tumble about 27 percent. prosecutors reportedly probing trusts used to dodge New York state sales taxes.
MENTIONED IN THIS ARTICLE
Tyco
Exeter
N.H
Tyco International Ltd
L. Dennis Kozlowski
John Fort
New York Stock Exchange
Kozlowski
Steven Altman
Commerzbank
New York
New York Times
Manhattan
New York State
The
Times
Napster Files for Chapter 11 in Bertelsmann Deal
Napster Inc filed for Chapter 11 in Delaware to support a sale to Bertelsmann AG for eight million dollars. The move follows a May 24 contract and aims to revive the idle Internet music sharing service while legal rulings had found the model illegal.
MENTIONED IN THIS ARTICLE
San Francisco
Napster Inc
Bertelsmann AG
Napster
Delaware
Bertelsmann
Konrad Hilbers
High-ranking energy executive commits death by own action
The treasurer of El Paso Corp., Charles D. Rice, 47, shot himself Sunday at his Houston home in a death police described as a personal safety related gunshot wound. Rice had worked 25 years at El Paso. company officials offered condolences and privacy on details. Harris County medical examiner noted a gunshot wound to the head but could not confirm suicide.
MENTIONED IN THIS ARTICLE
Enron
J. Clifford Baxter
Rice
el Paso
Dana
Will
William Wise
Norma Dunn
Houston
Joe Land
Harris County
Joye Carter
Grain futures slide on fast planting progress at Chicago
Rapid recent planting progress sent corn and soybean futures down sharply on the Chicago Board of Trade. Wheat rose. July wheat up 4.5 cents to 2.8675 dollars per bushel. July corn down 4.5 cents to 2.095 dollars. July oats up 12.75 cents to 1.974 dollars. July soybeans down 3.25 cents to 5.055 dollars.
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Chicago
Chicago Board of Trade
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