Wall Street edges higher amid Ambac bailout concern
Wall Street rose modestly in a volatile session as investors digested a downbeat Beige Book and Ambac Financial’s plan to issue more than $1 billion in common stock. The Dow added 41.19 points to 12,254.99 while the S and P 500 gained 6.95 to 1,333.70 and the Nasdaq rose 12.53 to 2,272.81. Ambac stock tumbled 18.8 percent to 8.70 as traders balked at a pure equity issue in lieu of a capital infusion. The Fed Beige Book signaled slower growth with rising prices and tighter credit standards, tempering optimism ahead of the next policy meeting.
MENTIONED IN THIS ARTICLE
New York
Wall Street
Federal Reserve
Ambac Financial Group Inc
Fed
Ambac
Citigroup Inc
Dave Rovelli
U.S
Canaccord Adams
Dow
Standard & Poor
Treasury
OPEC
New York Mercantile Exchange
Sovereign Wealth Fund
Mbia Inc
Central Bank
Edward Yardeni
Institute For Supply Management
Labor Department
Ben Bernanke
Bernanke
Market Watch March 5 2008 Dow Jones and Nasdaq Figures
Market data for March 5 2008 shows Dow Jones at 12254 99 with 272.81 points change. S P 500 at 1333 70 with 683.74 drop. NYSE and Nasdaq diaries list advances declines unchanged and traded volume.
Fed report signals weaker economy as shoppers grow cautious
The Fed’s new snapshot shows a weakened economy since year start as housing slump and tighter credit dampen spending. Retail activity is down in many regions with slow auto sales and soft demand for big-ticket items, while energy costs push up transportation and production expenses.
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve
Fed
New York
Philadelphia
Richmond
Boston
Cleveland
Dallas
Atlanta
Kansas City
Chicago
Stockyards Springfield Hog Prices and Dressed Beef Rates
Illinois direct hog prices fell 2.00 to 3.00 with moderate demand and offerings. Negotiated purchases total 14,100, with 1 300-400 lbs at 20.00-22.00, 400-500 lbs at 21.00-26.00, 500-600 lbs at 24.00-28.00, and over 600 lbs at 25.00-30.00. Boars under 300 lbs 15.00-21.00. over 300 lbs 3.00-8.00. Beef carcass prices quoted by inch bf range from 0.5 to 0.9 inches with various spreads.
MENTIONED IN THIS ARTICLE
Springfield
Illinois
The
Associated Press
Alcoa Inc
Clear Channel
Regions Financial
Kroger
All State
Lee Ent
Ryerson Tull
Lowes
CVS Com
Macy's
Southern Co
Devon
McDonalds
Applied Materials
Dillard's
Metlife
Super Valu
Archer
Microsoft
Unova
DuPont
Mips Technologies
US Bancorp
Fifth Third
Nbty Inc
USG
Baker Hughes
Nucor
Verizon
Bemis
First Data Corp
Bob Evans
Ford Motor Co
Occi. Petrol
Walgreens
Geri. Dyn
O'charley’s
Wal-Mart
Amoco
Nat. Bane
Watson Pharma
Harley Davidson
Olin
Wellman
Burger King
Pepsi
Wendys
Canadian Rail
Pfizer
Baia Cat
Wachovia
ProFac Coop
Securities, Inc
CIFRA
JC Penney
Prudential
Ne Jones Soda
NYSE/SIPC
Kinder Morgan
Qualcomm
Grain futures climb on Chicago Board of Trade
Agriculture futures edged higher on Wednesday with Wheat for May at 11.05 a bushel, March corn at 5.57, March oats at 4.28, and May soybeans at 15.085 a bushel.
MENTIONED IN THIS ARTICLE
Chicago — Agriculture
Chicago Board of Trade
Also Mentioned on This Page
Dow Jones Industrials
Nyse Diary
Southern Illinois
MVC
Saluki
Hilton
Ballpark Grand Ballroom
SIUC
Alumni Association
Sivalumni.com
Suzanne Nasco
Department of Marketing
SIU College of Business
Snasco
Cba.siu
Cba.siu.edu
NYSE
Johnsnetts
KB Home
AMR
Kinross G At&t Inc
Kraft
AMD
AlcatelLuc
LS Corp
Alcoa
Lehman
AldWaste
Altrias
MBIA
Ambac F
Amovill
Merck
ArchDan
MerrillLyn
Bb&t Cp
Micront
Bis Whis
Monsanto
BkofAm
MorgStan
Bknymel
Mosaic II
Barrickg
Motorola
BearSt
Mylan BigLots
Nabors
NaziCity
BostonSci
NatSemi
BrMySq
Newmtm
Nokia Cp
Cit Gp
CVS Care
Cemex
Penney
PepsiCo
Chevron
ClearChan
Pulteh
QksivRes
CocaCl
QwestCm
Coeur RegionsFn
Cvrds
RiteAid
Cvrd Pfs
Schergel
ConocPhil
Schimbrg
Corning
Seagatet
CotwdFn
SwstAirs
Horton
SovrgnBcp
DeltaAir
SprintNex
Disney
Synovus
DowChm
TUX
Talisme Gs
Target
DukeEngy
TenetHith
Dynegy
EMC Cp
Tesoras
FredMac
Genklec
Valeroe
GnMott
VerizonCm
Genworth
WalMart
GoldFird
Golderpg
Waigrn
Goldmans
Hallibrun
Wells Fargo
Hewlettp
WsthUnion
WmsCos
HostHodls
Wyeth
iStar
XTO Ens
IngerRd
Xerox
Yamanag
Jpmorgch
the Associated Press
Desco
Wallpapper
Brewster
S. Court
Marion
Armstrong
Mannington
Tarkett
2Soto
Elkville
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