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Newspaper
Southern Illinoisan
Location
Carbondale, Illinois, United States of America
Date
Sep 21, 2011
Page
5
Traders push stocks higher as grim U S growth forecast and Europe’s woes raise expectations for Fed stimulus. The Dow climbs about 110 points to 11511, the S P 500 gains 12 to 1216, and the Nasdaq rises 23 to 2635.
Trading was moderately active with hogs priced around 54.00 to 56.00. Numbers show 270-280 lb and 500-700 lb ranges, with sows at 21.00 and 300-400 lb bars steady. 230-260 lb group at 55.50 to 56.00 and 400-500 lb at 56.00.
Grain futures mostly gained on Tuesday at the Chicago Board of Trade. Wheat for December edged up to 3.49 per bushel, while November soybeans and December corn moved lower or higher within narrow ranges. December oats rose 3.50, with prices cited by the Associated Press.
NYSE active list shows Amr, AT&T, AbtLab, AMD, Alcatellac, Alcoa, Alaska, Altria, Annaly, ArcelorMit, Bank of America, CocaCola, Citigroup, Chevron, Caterpillar, Carnival, ConAgra, Ford, ExxonMobil, General Electric, IBM, JPMorganChase, Pfizer, CocaCola, PepsiCo, Pfizer, Potash, ProUSSP500, and many others with varied highs and closes. Strong traders include JPMorganChase, ExxonMobil, and Wells Fargo amid mixed gains and losses across sectors.
The IMF chief economist warns of a dangerous new phase in the global economy and sharply cuts outlooks for the United States and euro area. U.S. growth is seen at 1.5 percent this year and 1.8 percent in 2012, with Europe at 1.6 and 1.1 percent respectively, as debt worries and reduced lending deepen risks.
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