Market Watch Dow Jones and Nasdaq Close Mixed on Oct 12 2007
Market snapshot shows Dow Jones Industrial Average at 4993.08 with a 77.96 drop while Nasdaq composite stands at 2805.68, up 33.48. Other indices S and P 500 at 1561.80, Russell 2000 at 841.17, NYSE diary lists advances 1984 declines 1242 unchanged 128, Nasdaq diary shows advances -1603 declines 905 unchanged 117, total volumes reported.
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Stockyards prices and hogs market report from Illinois
Eastern Cornbelt carcass prices for various thicknesses range from 42.75 to 61.11 per cwt with mixed bids. Today's negotiated purchases total 15 945. Illinois Direct Hogs Laws show trading steady with moderate demand and heavy offerings, with price ranges by weight from 21.00 to 30.00 for live hogs and 15.00 to 22.00 for boars under 300 pounds.
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Bush presses Congress to pass four free trade deals
In Miami President Bush urged Congress to approve free trade agreements with Peru Panama Colombia and South Korea to spur growth amid repeated trade deficits and rising isolationist talk. He warned that protections threaten U.S. workers and cited potential job losses and shifting career trends.
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FDA to examine lipsticks that may contain lead
The FDA said it would review claims by an advocacy group that some lipsticks contain potentially dangerous lead levels. The Campaign for Safe Cosmetics found a third of 33 red lipsticks exceeded 0.1 ppm, a candy limit the agency does not apply to lipstick.
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Wheat and soybean futures slip while oats and corn rise
Wheat for December delivery fell 25.5 cents to 8.575 a bushel on the Chicago Board of Trade as December corn gained 7.25 cents to 3.51 a bushel. December oats rose 2.25 cents to 2.77 a bushel, while November soybeans dropped 4.75 cents to 9.7675 a bushel.
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