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Newspaper
Southern Illinoisan
Location
Carbondale, Illinois, United States of America
Date
Nov 07, 2001
Page
5
The 10th rate cut of the year spurred a solid market bounce on Tuesday led by a 150 point Dow rise to 9,591.12. Analysts warn investors remain cautious amid layoffs and weaker consumer spending. The gains came mainly in the final hour after the Fed's midafternoon move.
Wheat for December delivery rose 1 percent to 2.85 a bushel on the Chicago Board of Trade as winter wheat crop conditions worsened. December corn fell 4 cents to 2.02 a bushel, December oats down 9 cents to 2.00, and January soybeans slipped 5 cents to 4.35 a bushel.
A dense listing of NYSE and NASDAQ stocks with prices and indicators across multiple firms including AOL, AT&T, Exxon, Pfizer, Microsoft, Citigroup, General Electric, IBM, Merck, Intel, and many others. The brief shows closing values, spreads, and assorted in-text annotations, reflecting a snapshot of end-of-day market activity and performance.
A cryptic numeric fragment appears, listing numerous figures and decimals across lines. The content resembles an old ledger or swath of data with numbers in varying formats including percentages and currency-like endings and a trailing identifier VARA. No readable narrative or named entities are present.
A garbled OCR line presents a string of numbers and symbols without clear words or context, offering no readable events or entities to summarize into a meaningful news item. The fragment lacks identifiable persons, places, organizations, dates, or actions.
At a glance Dow Jones stands at 9600.60 high and 9386.51 low, closing 9591.12 with a rise of 150.09. Other indexes show S&P 500 at 1118.86, Nasdaq 1835.08, NYSE 570.29, and Wilshire 5000 at 10,304.39 billion. NYSE revised volume hits 1.34 billion. after hours 28.36 million. total consolidated 1.67 billion.
Eastern Cornbelt carcass prices unavailable. Illinois Direct Hogs Laws show steady to firm bids with light to moderate demand. 1-3 300-400 lb hogs 26.00 to 29.00 dollars, some at 31.00. 400-500 lb 28.00 to 32.00. 500-600 lb 32.00 to 34.00. over 600 lb 33.00 to 36.00. Boars under 300 lb 20.00 to 24.00, over 300 lb 16.00 to 18.00.
The Federal Reserve lowered the federal funds rate by a half percentage point to 2 percent to curb uncertainty after terrorist attacks. Analysts expect further cuts. Wall Street rose with the Dow up 150.09. GDP fell 0.4 percent in Q3, signaling a worsening downturn.
Democrats won Virginia and New Jersey governorships on Tuesday ending Republican control. In New York City the mayoral race was a cliffhanger with early results showing Bloomberg leading as Green trails. Warner led Earley 52 to 47 percent in Virginia with 93 percent reporting. McGreevey led Schundler 57 to 41 percent in New Jersey with 68 percent reporting. Bloomberg led Green late as Giuliani endorsement shifted polls.
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