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Newspaper
Southern Illinoisan
Location
Carbondale, Illinois, United States of America
Date
Oct 26, 2002
Page
5
A compact listing shows multiple stocks with last prices, day ranges, and net changes. Several tickers display gains or losses, including shifts from prior values, suggesting mixed performance across the market.
Stockyards Springfield reports weak market sentiment as carcass prices ease across multiple bf inches with light to moderate demand for heavy hog offerings. Today’s Illinois Direct Hogs volume reached 15,332 with prices ranging from 14.00 to 21.00 for various weight classes and boars priced 4.00 to 16.00.
Chicago grain futures drifted lower amid a mild price correction after a rally last week driven by tight world supplies. Soybeans declined while corn finished flat as traders paused with little fresh news. Wheat for December slipped to 4.10 1/2 a bushel, corn at 2.50 1/4, oats up 11 1/4 and soybeans at 5.57 per bushel.
Investors pushed U.S. stocks higher in Friday trading as optimism about extending October gains lifted the Dow, Nasdaq, and S&P. Analysts noted a broad, news-agnostic rally with fears of a bear-market rebound fading as buyers returned.
The Dow Jones rose 126.65 to 8443.99, up 1.5 percent, while the Nasdaq gained 32.42 to 1331.13 and the S&P 500 added 15.15 to 897.65. Across the week, all three indices posted a third consecutive weekly advance amid mixed economic data and a lighter political impact after Wellstone’s death.
U.S. factory orders for durable goods dropped 5.9 percent in September, the largest decline in 10 months, led by communication equipment. Consumer confidence fell to 80.6 in October, the lowest since 1993, fueling concerns of a possible double dip recession even as housing sales both new and existing surged in September. Richard Curtin warned that continued declines could push the economy back into recession.
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