Manufacturing data sparks broad market gains
U S stock indices rose sharply as manufacturing data signaled job creation and ongoing recovery. ISM February readings showed overall activity expanding at a slower pace but with a higher employment subindex. Dow up 94.22 to 10,678.14, Nasdaq up 27.98 to 2,057.80, S P 500 up 11.02 to 1,155.96. Consumer spending rose 0.4 percent in January.
MENTIONED IN THIS ARTICLE
New York
Institute For Supply Management
ISM
Peter Dunny
Wall Street Access
Dow
Standard & Poor
Closing Stocks New York NYSE Active List
NYSE listed stocks edge higher on Monday led by AmEx and ExxonMobil with notable gains for Merck and General Electric while techs like Intel and IBM show mixed moves. Strong ties to major banks, telecoms, and consumer brands populate the top volume names across sectors.
Grain futures mixed as soybeans rise on CBOT
In Chicago wheat for May delivery dropped 5.0 cents to 3.85 per bushel while corn slipped to 3.02. Oats advanced 1 cent to 1.64 per bushel and soybeans climbed 0.20 to 9.57 per bushel amid a fluctuating market.
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Chicago
Chicago Board of Trade
Economy in Recovery as ISM Reports Growth in February
The economy shows recovery with rising manufacturing activity and consumer spending. Construction spending stays solid but softens slightly. Economists note high energy prices and slow job growth as concerns, yet overall sentiment remains upbeat about the nation’s financial condition. ISM says manufacturing expanded for the ninth straight month in February, though at a slower pace than expected.
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Washington
Institute For Supply Management
Prosecutor says Stewart planned to lie at feds meeting
New York AP Martha Stewart knew before a 2002 meeting with federal authorities she would lie about selling ImClone stock. Prosecutor Michael Schachter argued Stewart and broker Peter Bacanovic crafted a cover story to disguise a prearranged sale when ImClone stock stayed above 60. He cited an altered phone log and credible witness Faneuil to prove guilt, noting Faneuil faced penalties after admitting past lies. The judge recently dropped the most serious charge about lying to investors in her media empire.
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New York
Martha Stewart
ImClone Systems
FBI
The
Securities and Exchange Commission
U.S
Michael Schachter
Stewart
Peter Bacanovic
ImClone
Schachter
Bacanovic
Douglas Faneuil
Faneuil
Miriam Goldman Cedarbaum
Omnimedia
Stockyards Peoria Hog and Cattle Prices Report
Stockyards Peoria AP reports moderate hog trading with barrows and gilts 2.00 higher and weights 230-260 lb at 41.50-42.00 while 260-280 lb fetch 41.00-41.50. Sows steady with 300-400 lb at 35.00, 400-500 lb 37.00, 500-700 lb 40.00. over 300 lb boars 10.00, under 300 lb 31.00. Cattle: 75 head traded moderately. choice slaughter steers and heifers up 4.00. Slaughter steers 1,050-1,350 lb 78.50-79.00. 1,050-1,250 lb 77.50-78.50. 1,000-1,200 lb 76.50-77.50. Slaughter heifers 1,000-1,300 lb 78.50-79.00. 1,000-1,200 lb 77.50-78.50. 900-1,100 lb - cow trading not established.
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Alcoa Inc
Lee Ent
Altria Group Inc
Lowes
Ameren
May Dept. Stores
Maytag
Applied Materials
McDonalds
Archer
Metlife
Avaya Financial
Microsoft
AXA
Mips Technologies
Baker Hughes
Nbty Inc
Bemis
Occi, Petrol
Bob Evans
O'charley’s
Boeing
BP Amoco
Nat. Banc
Olin
Brunswick
P-Com
Canadian Rail
Pepsi
CAT
Pepsi Americas
CBRL
Ciena Corp
Pier
CIFRA
CIN
Intel
Wendys
Integra
Worldcom
IC Penney
Wachovia
Kerr McGee
Securities, Inc
Kinder Morgan
Kmart
Kroger
NYSE
SIPC
New York
AK Steel
AMR
At&t A
AMD
Agere
Agilent
Alcoa
Allstate
Altria
AnalogDev
Avaya
Avnet
BankOne
BkofAm
BellSouth
BestBuy
BestScis
BrMySq
Cablysnny
Calpine
Cendant
ChesEng
ChevrnTex
CireCity
Citigrp
CitzComm
ClearChan
CocaClif
Coeur
ConocPhil
Corning
DeltaAir
el Paso Cp
Elan
EDS
ExxonMbl
FanniMac
FirstData
FleetBost
Fordm
FredMac
Gap
Gateway
Genentech
GenElec
Goldmans
Goodyear
Guidant
HCA Inc
Hallibin
Hewlettp
HomeDp
Honclint
INCO
IBM
IntGames
Interpublic
Jpmorgch
John Jn
Kinross G
Kohls
LennarAs
Libtyma
LillyEli
Lockholm
Lucent Mbna
Masco
Mattel Af Maxter McDerl
Medimic
Merck
MerrillLyn
MorgStan
Motorola
NtSemi
Penney
Pepsico
Pfizer
Phelps Pridevit
PulteHms
QwestCm Raytheon
RiteAld RoylDut
SPX Cp
Safeway
Schergp
Schimb
Schwab
Seagatet
VerizonCm
Viacomb
WalMart
WellsFrgo
Wdigit
WmsCos
Wyeth
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Andrew Valerie
LPS Financial Services
Valerie
Commerce Department
Wall Street
Dow Jones Industrials
Uigi
Mar
Standard & Poor's
Nigt
Mar Alaaf
Ee Tata
Feds
Heritage Financial
Peoria
Adam’s Glass Company
S. Main
Harrisburg
Mon
Kevin
Frankie Tite
Brick Masons
Cement Workers
Galt
Dish Network
Discovery Channel
ESPN
Disney Channel
USA Network
TNT
Satellites
E. DeYoung St
Marion
America