Telecom warnings and accounting woes push stocks lower
Wall Street retreated as weak sales forecasts and probes in telecom and tech spooked investors. The Dow rose 21.11 to 10,632.35 while the Nasdaq fell 82.37 to 1,897.12 and the S P 500 slipped 2.68 to 1,165.58 as analysts anticipated first quarter results and a slower recovery. Lucent slid 66 cents to 5.60, a 10.5 percent drop.
MENTIONED IN THIS ARTICLE
Standard & Poor
Wall Street
Alfred E. Goldman
A.G. Edwards & Sons Inc
Federal Reserve
Alan Greenspan
Lucent
Market Close Report Dow Jones Edges Higher
Dow Jones Industrial Average closed at 10632.35, up 21.11 with Nokia slipping 6 percent to 22.09 after forecast cuts. Microsoft fell 1.80 to 62.54 on a Goldman note. IBM rose 3.26 to 108.50 on stronger core earnings signals. Major indices S and P 500 at 1165.58, Nasdaq 1897.12, and NYSE Composite 604.61. Volume totals show 1.68 billion consolidated issues traded, with 1,541 gainers and 1,616 decliners.
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Dow Jones
Dow
Nokia
Microsoft
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IBM
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AOL
Jabil
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yjKmart AbtLab
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AMD
Lehmer
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Ageren
Agilent
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Lockholm
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GenElec
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Guidant Wachovia
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WalMart
Hewlett P
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AXA
DuPont Super Value
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Bemis
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First Data Corp
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Bob Evans
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Old Nat. Banc. Usg
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P-Com
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Kinder Morgan
Pier
Union Securities, Inc
CIFRA
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Carbondale
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CINF
NYSE
SIPC
Clear Channel
Ent
Proxim Inc
Closing Stock Prices New York Five Most Active Stocks
New York AP reports Tuesday’s five most active stocks in brisk trading. Details list prominent movers, with notable volume shifts and price changes shaping the day’s market activity.
MENTIONED IN THIS ARTICLE
New York
Stockyards prices drift lower across eastern cornbelt markets
Eastern Cornbelt carcass prices ease with quotes across 0.5 to 0.9 inch backfat ranges. Illinois direct hogs show mostly steady bids with 300-400 lb animals trading around 29 to 32 dollars and lighter and heavier weights mixed in at 26 to 35 dollars, reflecting soft demand and varied weights.
MENTIONED IN THIS ARTICLE
Springfield
Finch
Illinois
Grain futures rally in Chicago as wheat and corn rise
Wheat futures rebounded on the Chicago Board of Trade with May delivery up 2.25 cents to $2.7625 a bushel and May corn up 1 cent to $2.105 a bushel. May oats gained 1 cent to $2.105, while May soybeans slipped 1.5 cents to $4.63125 a bushel after soy oil’s rally faded.
MENTIONED IN THIS ARTICLE
Chicago
Chicago Board of Trade
State Chamber backs budget plan amid Illinois crisis
The Illinois State Chamber of Commerce endorsed Gov. George H. Ryan's fiscally focused budget, backing facility closures including Vienna Correctional Center and delaying Thomson prison, while opposing tax hikes. Chamber president Douglas L. Whitley praised the approach as a prudent response to revenue shortfalls and job cuts, arguing for cash flow discipline and relief for residents.
MENTIONED IN THIS ARTICLE
Springfield
Illinois State Chamber of Commerce
George H. Ryan
Ryan
Vienna
Thomson
Douglas L. Whitley
Chamber
Whitley
Illinois
Matt Vanover
American Federation of State
Roberta Lynch
Afscme
Lynch
Chamber of Commerce
Justice threatens indictment of Arthur Andersen in Enron case
The Justice Department has repeatedly threatened Arthur Andersen with indictment for destroying Enron documents. negotiations over the past week to 10 days consider a possible guilty plea to obstruction of justice for shredding papers at its Houston office last fall. Andersen seeks assurances from the SEC before pleading, fearing a guilty plea could bar it from filing reports for audited companies. Negotiations continue as officials await Michael Chertoff's return from Trinidad.
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Washington
Justice Department
Arthur Andersen
Enron
Andersen
SEC
U.S
Michael Chertoff
Department
John Ashcroft
Trinidad
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Mutual Mate
Indernity Company
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Scott Karnes
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MobileWeb
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America’s Choice
Chole
Newark
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East Main Street
RadioShack
Anna Jcs
Chester Jcs
North Carbon
Frankfort
Homestead Electronics
Harrisburg
Jackson Jcs
Metropolis Celltouch
MT. Carmel
RAM Telecom
MT. Vernon
de Young
Nashville Bering Communication
Opera
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