Stock Prices Rally On Mixed Monday Trading
New York markets show IBM and various techs among active movers as prices across the list swing. Traders monitor Amr JPMorgan AT&T and Oracle influenced by quarterly indicators and sector shifts.
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Newspaper
Southern Illinoisan
Location
Carbondale, Illinois, United States of America
Date
May 04, 2004
Page
5
New York markets show IBM and various techs among active movers as prices across the list swing. Traders monitor Amr JPMorgan AT&T and Oracle influenced by quarterly indicators and sector shifts.
Eastern Cornbelt carcass prices unavailable. Today’s negotiated purchases show steady to higher bids across weight classes with moderate demand. Illinois Direct Hogs results: 300-400 lbs 37.00-41.00 dollars, plus instances at 42.00. 400-500 lbs 38.00-42.00. 500-600 lbs 40.00-43.00. over 600 lbs 42.00-44.00. Boars under 300 lbs 28.00-35.00. over 300 lbs 9.00-10.00.
Grain and soybean futures moved higher on Monday on the Chicago Board of Trade. Wheat for July delivery rose to 3.97 a bushel, July corn climbed to 3.24, July oats slipped to 1.76, and July soybeans gained to 10.21 a bushel.
Oil futures rose to 38.21 a barrel the highest since October 1990 as traders reacted to the weekend killing of five Western workers at ABB Lummus Global in Saudi Arabia. Gasoline futures also hit a record, signaling higher pump prices ahead of Memorial Day.
New York stocks rose modestly as construction spending jumped 1.5 percent in March to a record 944.1 billion dollars, while ISM manufacturing showed continued growth amid higher input costs. Traders eyed the Federal Reserve meeting with caution as volume remained light and gains appeared fragile.
The Bush administration named 52 trading partners on piracy and counterfeiting violation lists in a Congress report. Ukraine China and Russia were flagged as major offenders with sanctions on Ukraine totaling 75 million dollars for 2002. Israel Malaysia Poland and Thailand received out-of-cycle reviews.
The Mounds Police Department received two used squad cars donated by the Marion Police Department. Chief Ron Swafford Assistant Chief Thomas Litton and Commissioner J W Rix delivered the vehicles. Gratitude was extended to Marion leadership and staff including Mayor Butler and the Marion City Council.
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