Stocks mixed ahead of Federal Reserve rate decision
Investors held to a wait and see stance ahead of the Federal Reserve Open Market Committee meeting. Blue chips rose modestly while tech shares slipped in light trading as market participants weighed a mixed batch of economic data and expectations for rate cuts.
MENTIONED IN THIS ARTICLE
Federal Reserve
New York
Fed
Wheat futures slide to six week lows in Chicago trade
Grain futures in Chicago saw July wheat drop to 3.02 a bushel amid higher harvest activity. July corn fell to 2.39 a bushel while July oats declined to 1.48 a bushel, and July soybeans rose to 6.35 a bushel.
MENTIONED IN THIS ARTICLE
Chicago
Chicago Board of Trade
Hogs trading lower bids at Peoria market
Stockyards Peoria reports hogs trading moderately active with barrows and gilts down about 1.00. 1-2 230-260 lb fetch 43.50-44.00 and 2-3 260-280 lb 42.00-43.50. Sows steady across weights 300-400 lb 30.00, 400-500 lb 30.50, 500-700 lb 31.50. Boars over 300 lb 7.00, under 300 lb 35.00. Cattle none.
MENTIONED IN THIS ARTICLE
Peoria
Market Expectation Follows Fed Signal of Potential Rate Cut
Analysts foresee a possible second-half recovery aided by a rate cut, with McDonald Financial Group predicting it would act as insurance against deflation. A cut would be the 13th since 2001, lowering rates to their lowest since the 1950s as optimism grows for longer-term stock prospects. The Conference Board reported stable Consumer Confidence in June amid ongoing business challenges.
MENTIONED IN THIS ARTICLE
Fed
John Caldwell
McDonald Financial Group
KeyCorp
Conference Board
Consumer confidence holds steady in June as optimism rises
The Conference Board reports the Consumer Confidence Index at 83.5 in June, barely changing from May's 83.6. Analysts projected 82. The report splits into current conditions and six month outlook, with current views down while expectations for later in the year remain upbeat.
Telemarketing firm to pay $1 million in FTC settlement
A New York telemarketing company Cross Media Marketing Corp and its Atlanta subsidiary Media Outsourcing Inc agreed to a 1 million dollar civil settlement with the FTC over alleged deceptive magazine subscription costs and refunds. The action bars deceptive claims and leaves open the possibility of full payment if bankruptcy permits.
MENTIONED IN THIS ARTICLE
Washington
New York
Federal Trade Commission
Cross Media Marketing Corp
Atlanta
Media Outsourcing Inc
FTC
Cross Media
J. Reilly Dolan
Dolan
Justice Department
Also Mentioned on This Page
Brian Bush
Equity Research
Stephens Inc
Little Rock
Ark
Dow Jones
Standard & Poor
Standard & Poor's
Russell
St A
Sianenanaieiaiatsi
Alcoa Inc
Coke
Lee Ent
Ryerson Tull
Altria Group Inc
Conag
Lowes
Sears
Ameren
CVS Corp
May Dept. Stores
Solutia
Devon
Southern Co
Apple Maytag Southwest
Applied Materials
Dillard's
McDonald
Archer
Dollar General
Metlife
Sun Micro
Avaya Financial
DuPont
Microsoft
Super Valu
AXA
Eateries
Mips Technologies
Union Planters
Baker Hughes
Fifth Third
Nbty Inc
Anova
Bemis
Ocei, Petrol
Walgreens
CAT
Intel
Pepsi
Wal-Mart
Canadian Rail
Integra
Pepsi Americas
Wendys
CBRL
JC Penney
Pfizer
Worldcom
Kerr McGee
Pier
Wachovia Clear Corp
CIFRA
Kinder Morgan
ProFac Coop Securities, Inc
Kmart
Proxim Inc
Carbondale
Clear Channel
Kroger
Qualcomm
NYSE
SIPC
Hartiden
At&t Ts
IBM
ATT Wels
Interpublic
AbtLab
Jpmorgch
AMD
Johnnn
Affcmps
Kohls
Agere Kroger
Alcatel
Alcoa
LSI
Lehmer
Libtyma
Altria
AmExp
Aof
LillyEli
LowesCos
Lucent
Americat
AnalogDev
MBNA
Anheust
MarvelEnt
BankOne
Mattel
Bk of Am
McDerl
Barrick G
Baxter
Medtrnic
BellSouth
Merck
BestBuy
MeridRes
Boeing
BostSci
Merrilllyn
Micront
BrMySq
Mirant
CVS Cp
Cablvsnny
MorgStan
Motorola
Calpine
NtSemi
CapOne Rt
NokiaCo CircCity S
NortelNw
Owensll
Citigro
CocaCl
Pediatrx Concefs
PepsiCo
Corning
CrownHold Proctg
CypSem
ProgrssEn
Disney
Providian
DowChm
QwestCm
RiteAid
DukeEgg
SBC Com
Dynegy
Schergel
Etrade
Schimb
EMC Cp
Schwab
Ekodak
el PasoCo Selectra
Elan
EDS
Spratpcs Ensco
TainSemi
TenetHit
Exxonmbi If
FanniMae
Texinst
FedExCo
Toyru
Fordm
FredMac
USG Gap
UtdMicro
Gateway
US Bancrp
Genentech
Utdhithg S
GenElec
VerizonCm
GnMetr
Viacomb
GM Db32b 1.31 44891 22.80 22.32 22.66—.09 Wachovia
GMH
GaPacif
WalMart
Walgrn AS
Goldmans
Goodyear
Guidant
HCA Inc
WmsCos
Hallibin
Wyeth
Consumer Report
Sarpaia Lawn
W. Main
West Frankfort
Telemarketing
Tributoe
West Main Streets
DeSoto
Shaklee
Niemeyer
Gardener's
Ay Neco
Rt. 13
Heartland Regional Medical Center
Marion E
Marion
Illinois Centre Mall
State aCeem
ILLIN_S CENTRE
TheSouthern
Thesouthern.com
Wallis
Heritech
Helitechonline.com