Program: Friday, October 3, 2003
The Jobs Report Sparks A Wall Street Rally
SCOTUS Session Preview
SARS Sends Singapore's Economy In A New Direction
"Market Monitor"-Doug Cliggott, President and Investment Strategist of B&P
The Week Ahead
Paul Kangas' Stocks In The News
Market Stats
10/03/03:
The Jobs Report Sparks A Wall Street Rally
SUSIE GHARIB: Good news on the jobs front sparked a rally on Wall Street today. The Dow rose
84 points and the NASDAQ jumped 44. Investors were encouraged that the American
economy saw a net increase in jobs last month for the first time since last
winter. Payrolls grew by 57,000 in the month of September. Economists had been
expecting job losses of 30,000. But the unemployment rate held steady at 6.1
percent.
Scott Gurvey has more.
SCOTT GURVEY, NIGHTLY BUSINESS REPORT CORRESPONDENT: It was what Wall Street
had been awaiting for eight long months -- a report showing that the number of
Americans working last month was greater than the number working the month
before. And it was a surprise, as the consensus among Wall Street economists
called for another decline in jobs and an increase in the unemployment rate.
Instead, the rate held steady at 6.1 percent, while employers added 57,000
workers to their payrolls. It is a small number. We would need to see more than
100,000 new jobs a month for many months to make a real dent in the
unemployment rate. But economists were encouraged to see a positive number and
applauded it, as well a revision which added 52,000 jobs to the August report.
IAN MORRIS, CHIEF U.S. ECONOMIST, HSBC SECURITIES: It is significant that the
revisions are up instead of down, like they have been for most of this year.
And the fact that jobs are rising again is definitely good news. However, one
month does not make a trend. There`s more light coming through, but we`re not
out of the woods just yet.
GURVEY: Job growth has been the missing element for an economy that otherwise
appears to be recovering from recession. Employers have been meeting increased
demand through increased productivity, rather than by hiring new workers.
Employment has become a hot political issue. Speaking today in Milwaukee,
President Bush said things are getting better but there`s still work to do.
Most economists would agree.
ETHAN HARRIS, ECONOMIST, LEHMAN BROTHERS: It was a little bit surprising just
how weak the employment numbers have been in the last few months. You would
have expected stability in the labor market, not job cuts. Now that we`ve
gotten a positive number, you feel a little bit more comfortable that at least
we`re in the right track towards growth later in the year.
GURVEY: Corporate earnings season is about to begin and most analysts expect to
see good results. But economists say businesses will have to see several
quarters of good growth before they will be willing to hire large numbers of
new workers. Scott Gurvey, NIGHTLY BUSINESS REPORT, New York.
Nightly Business
Report transcripts are available on-line post broadcast. The program
is transcribed by eMediaMillWorks. Updates may be posted at a later
date. The views of our guests and commentators are their own and
do not necessarily represent the views of Community Television Foundation
of South Florida, Inc. Nightly Business Report, or WPBT. Information
presented on Nightly Business Report is not and should not be considered
as investment advice. Copyright (c) 2003 Community Television Foundation
of South Florida, Inc. ALL RIGHTS RESERVED. Terms of use.
10/03/03: SCOTUS Session Preview
SUSIE GHARIB: Next Monday is the first Monday in October, and that means it`s the
beginning of a new term for the U.S. Supreme Court. This session, the high
court will weigh in on cases testing the limits of the nation`s disabilities,
age discrimination and telecommunications laws.
Stephanie Woods has a preview.
STEPHANIE WOODS, NIGHTLY BUSINESS REPORT CORRESPONDENT: General Dynamics (GD)
is asking the high court to rule that the federal age discrimination law
doesn`t apply to younger workers. A group of employees sued the company after
it changed the health care benefits available to workers when they retire. The
company kept coverage for workers over 50, but dropped the retirement coverage
for workers over 40. The U.S. Chamber of Commerce has weighed in on the case on
behalf of General Dynamics, arguing employers should have the right to set job
benefits.
STEPHEN BOKAT, GENERAL COUNSEL, U.S. CHAMBER OF COMMERCE: If that right is
taken away from business, it will significantly increase their costs and could
lead to many employers just deciding not to provide health care to anyone.
WOODS: In another case, Raytheon (RTN) is asking the court to throw out a
lawsuit by a worker who wants his job back after being fired for using illegal
drugs. The company argues the Americans With Disabilities Act doesn`t protect
an employee with a history of drug use.
TOM GOLDSTEIN, APPELLATE ATTORNEY, GOLDSTEIN & HOWE: I think what happened is
that the lower court might have gone too far in saying that even though
Raytheon dismissed somebody for, you know, wrongful drug use, that they had to
rehire the person, even if their policy is so imply neutrally look, if we
dismiss you, we`re not going to rehire you. So I expect the court is going to
fix that problem.
WOODS: The court will also settle disputes stemming from the 1996
Telecommunications Act. Verizon was fined by the Federal Communications
Commission for not opening its network to AT&T (T). Now AT&T`s customers want
the court to affirm their right to sue Verizon (VZ), claiming they were harmed
as well.
GOLDSTEIN: The telecommunications companies are definitely worried about
Pandora`s box, that if they can get sued by every customer around the country,
they`ll be in never ending litigation and they`ll be billions of dollars in
debt. So you really couldn`t have a more important case for the industry right
now.
WOODS: Usually, the high court hears arguments on the first Monday in October.
But this Monday, for the first time, the court is recognizing the Jewish
holiday of Yom Kippur and won`t begin to hear cases until Tuesday. Stephanie Woods, NIGHTLY BUSINESS REPORT, Washington.
Nightly Business
Report transcripts are available on-line post broadcast. The program
is transcribed by eMediaMillWorks. Updates may be posted at a later
date. The views of our guests and commentators are their own and
do not necessarily represent the views of Community Television Foundation
of South Florida, Inc. Nightly Business Report, or WPBT. Information
presented on Nightly Business Report is not and should not be considered
as investment advice. Copyright (c) 2003 Community Television Foundation
of South Florida, Inc. ALL RIGHTS RESERVED. Terms of use.
10/03/03: SARS Sends Singapore's Economy In A New Direction
SUSIE GHARIB: After falling into its worst recession in 40 years in 2001, Singapore`s economy
was on the mend until the SARS crisis hit. Since it can no longer count on the
rapid economic growth it enjoyed for decades, the city-state`s normally
conservative government is making a bold change in direction.
Rian Maelzer reports.
RIAN MAELZER, NIGHTLY BUSINESS REPORT CORRESPONDENT: Avant garde art, all night
entertainment, bar top dancing -- Singapore is shaking up its staid, prudish
image. Aside from just having legalized bar top dancing, the government now
says it`s willing to hire openly gay people and it`s easing censorship of the
arts and entertainment.
UNIDENTIFIED FEMALE: A new season of "Sex and The City."
MAELZER: Vivian Balakrishnan heads a committee advising the government on the
remaking of Singapore.
VIVIAN BALAKRISHNAN, MINISTER OF STATE, NATIONAL DEVELOPMENT: We will see a
more faciliatory governance rather than a prescriptive, heavy-handed
governance. We call this governing with a lighter touch to give the people more
space.
MAELZER: More space to be creative and innovative and entrepreneurial,
qualities this risk averse society lacks and qualities Singapore badly needs if
it`s to develop new economic niches like biotechnology, I.T., multimedia and
the arts. It knows it can no longer rely so heavily on its former strengths,
such as shipping and electronics. Singapore`s economy has never really
recovered from the global electronics slump and the country now finds that in
many industries, it can no longer compete with low cost producers. Unemployment
is at 20 year highs and expected to rise. And thanks in part to SARS, the
economy is expected to grow one percent at most this year.
Amid this economic turmoil, though, the government has built a dramatic symbol
of its new way of thinking, a $340 million arts complex called The Esplanade.
It aims to sow the seeds of creativity here, but also has clear economic spin-
offs, with eight million people having passed through its doors since it opened
a year ago.
BENSON PUAH, CEO, THE ESPLANADE: We perhaps have already been able to already
capture the imagination and the interest of tourists because it has added
another dimension to Singapore, which has never quite existed.
MAELZER: The government`s hope is that a livelier entertainment scene and
softening of its image as a place of endless rules will do more than boost
tourism. It`s counting on these changes to help attract talented, creative
foreigners to live and work here.
HWEE HWEE TAN, NOVELIST: They are not interested in creativity for its own
sake. They are interested in creativity as a thinking skill that can create
more income.
MAELZER: Whatever its motives, having long trained Singaporeans to conform and
obey, the government now seems determined to foster a society where people are
willing to take risks and think for themselves. Given the new economic
realities the country faces, it doesn`t feel it has a choice.
Rian Maelzer, NIGHTLY BUSINESS REPORT, Singapore.
Nightly Business Report transcripts
are available on-line post broadcast. The program is transcribed
by eMediaMillWorks. Updates may be posted at a later date. The views
of our guests and commentators are their own and do not necessarily
represent the views of Community Television Foundation of South
Florida, Inc. Nightly Business Report, or WPBT. Information presented
on Nightly Business Report is not and should not be considered as
investment advice. Copyright (c) 2003 Community Television Foundation
of South Florida, Inc. ALL RIGHTS RESERVED. Terms of use.
10/03/03:"Market Monitor"-Doug Cliggott, President and Investment Strategist of B&P
SUSIE GHARIB: Our market monitor guest this evening says he`s no longer a bear, but he`s not
a bull either. Joining us now, Doug Cliggott, President and Investment Strategist of B&P
Research. It`s the U.S. unit of a $3.5 billion Swedish hedge fund.
Hi, Doug.
Nice to see you.
DOUGLAS CLIGGOTT, PRESIDENT & INVESTMENT STRATEGIST, B&R RESEARCH: Oh, thank
you, Susie. It`s great to be here.
GHARIB: You know, the last time when we talked, which was January, you were our
first market monitor of the year. You were very bearish. But we`ve seen that
the Dow and the NASDAQ and the S&P have all done rather well this year. And yet
you`re still not bullish. So what`s your feeling on the markets?
CLIGGOTT: Well, Susie, we think something very important happened late in the
month of May. We had a lot of tax law changes. And to us, those tax law changes
are largely responsible for the good stock performance this year. They really
did two things. One, by lowering the rate of taxes on dividends and capital
gains, essentially they forced the market to reprise stocks up relative to
bonds. The other thing it did is it transferred a tremendous amount of money,
as much as $200 billion, from the U.S. Treasury into households and corporate
checking accounts. And we`ve been very eager to spend that money. And so we`ve
had stronger growth than we expected early in the year. But unfortunately by
the middle of next year, that growth spurt will fade and the second half of
next year, I think, will be quite weak.
GHARIB: And so even though there are forecasts for a really strong third and
fourth quarter earnings, that`s not enough for you to turn more positive on the
markets?
CLIGGOTT: Well, Susie, those, I think, are the reason the market`s as high as
it is. I think the market`s pretty good at discounting events six months ahead.
I think what happened over the course of the summer is the market came to
expect very strong earnings in the third quarter and in the fourth quarter. I
think by the time we move into the winter months, the market will be looking
ahead to next summer and that`s where our concerns are. We don`t think growth
can be sustained at anything like the current rate. Maybe it can be strong
through the winter, but by next summer or autumn, it could be back to something
like two percent again.
GHARIB: And yet you told me there are still opportunities to make money in the
markets. And I know that you don`t single out specific stocks. But you can talk
about sectors. When last time we talked, you liked energy stocks. What`s your
view on that now?
CLIGGOTT: We still like energy, Susie. Our view six months ago was that the
commodity price would stay stubbornly high and that would be very good for the
stocks. And that view hasn`t changed. So which think energy is still a pretty
interesting place to be in the U.S. market.
GHARIB: What segments of energy do you like?
CLIGGOTT: We like integrated oils and we like utilities. And I think utilities
are especially attractive because they generate a much larger share of earnings
in their market capitalization as now. So I think utilities might be one of the
best places to be in the U.S. market right now.
GHARIB: You were keen on health care stocks the last time we talked. How about
now?
CLIGGOTT: Certain segments of health care still look good. We would favor
services over the large pharmaceutical companies. I think the pharmaceutical
companies have a lot of legislative issues. It`s very uncertain what will
happen in terms of Medicare and really in terms of the government trying to be
involved in pricing.
GHARIB: Now, I know you`ve added defense stocks to your list of
recommendations. A lot of people think that all the good that you can get on
defense stocks has been already priced in.
CLIGGOTT: That`s exactly --
GHARIB: Do you agree with that?
CLIGGOTT: That`s why we like them, Susie. I think they were too expensive for
our blood in the spring and summer. But as, I think, more and more brokers have
gotten negative on them, they`ve come down quite a bit. And we think that
provides an interesting opportunity.
GHARIB: Now, I understand that you also favor European bonds and international
stocks. Not American bonds, but European bonds. Is this an area that you think
U.S. investors should start putting their money?
CLIGGOTT: We sure do. And I think the theme here is twofold. One, the U.S.
budget situation is bad and it`s probably going to get worse, the federal
budget situation. That`s bad for bonds. Budgets in Europe are much more under
control than they are in the United States. Second, we think the dollar is
going to be going down versus European currencies.
GHARIB: OK.
CLIGGOTT: That really favors holders of -- dollar based holders of European
bonds.
GHARIB: OK.
Doug, thank you very much for your thoughts.
We appreciate it.
CLIGGOTT: Thank you, Susie.
It`s great to be here.
GHARIB: We`ve been speaking with Doug Cliggott, President and Investment
Strategist of B&P Research.
Nightly Business Report transcripts
are available on-line post broadcast. The program is transcribed
by eMediaMillWorks. Updates may be posted at a later date. The views
of our guests and commentators are their own and do not necessarily
represent the views of Community Television Foundation of South
Florida, Inc. Nightly Business Report, or WPBT. Information presented
on Nightly Business Report is not and should not be considered as
investment advice. Copyright (c) 2003 Community Television Foundation
of South Florida, Inc. ALL RIGHTS RESERVED. Terms of use.
10/03/03: The Week Ahead
SUSIE GHARIB: Here`s a look now at what`s happening next week. Our Friday market
monitor guest is Al Goldman, Chief Market Strategist at A.G. Edwards (AGE). On
the economic calendar, Wednesday, wholesale inventories for August come out;
Thursday, it`s September import prices; and on Friday, we`ll see producer
prices for September. As for earnings, Dow components ALCOA (AA) and General
Electric (GE) are scheduled to report.
Nightly Business Report transcripts
are available on-line post broadcast. The program is transcribed
by eMediaMillWorks. Updates may be posted at a later date. The views
of our guests and commentators are their own and do not necessarily
represent the views of Community Television Foundation of South
Florida, Inc. Nightly Business Report, or WPBT. Information presented
on Nightly Business Report is not and should not be considered as
investment advice. Copyright (c) 2003 Community Television Foundation
of South Florida, Inc. ALL RIGHTS RESERVED. Terms of use.
10/02/03:
"Paul Kangas' Stocks In The News"
JEFF YASTINE: Well, today was a day of extremes. After that employment report, the
stock market zoomed and the bond and gold markets plunged.
The markets opened sharply higher, with the Dow gaining about 140, the NASDAQ
up about 40 points. In late morning, another wave of buying, perhaps fed by
short sellers trying to cover their losing bets, pushed the Indexes to new
intraday highs. The Dow came within about 20 points of surpassing the old
intraday high it set on September 19, but then began to fade in late afternoon,
ultimately giving back about half of the day`s gain.
So, the Dow closing up 84 1/2 points, to 9,572.31. And for this week, the Index
rising in four out of five sessions, for an overall gain of 259 points, or
about 2.8 percent.
The NASDAQ surging more than 44, or about 2 1/2 percent, to settle at 1,880.
And for the week it, too, fell only once, and rose an impressive 88 1/2 points,
or almost five percent.
And the S&P 500 advancing 9 2/3 points.
The bond market posted one of the largest losses since the sell-off began this
summer, as you might expect, with the 10-year note tumbling 1 21/32, to 113/32,
and that pushed the yield up to 4 1/4 percent.
And toping our list tonight, NorTel Networks (NT), which picked up a $0.01.
Lucent Technologies (LU) gaining $0.06.
Pfizer (PFE) losing $0.27.
G.E. (GE) gaining $0.07. There were some last minute snags in the plans between
NBC (NBY) and Vivendi (V) to put the finishing touches on their deal. When it
does go through, it`s estimated to be about a $40 billion project.
Nokia (NOK) rising $0.24.
Citigroup (C) slipped $0.14. It got as high as $47.90 before falling off as the
day wore on.
Biovail (BVF) losing $6.67. Bad luck for this company. The company had a truck
with inventory of about $20 million worth of its Wellbutrin anti-depressant
drug. The truck was involved in a very bad accident and those pills had to be
shipped back to Biovail`s plant in Canada for re-inspection. So that, combined
with some other separate problems, caused the company to warn it will miss
previous revenue and profit estimates.
Medtronic (MDT) down $2.37. Sales growth is slowing on its implantable cardiac
devices and Prudential downgraded the shares.
Meanwhile Ford (F) gaining $0.39. All the auto makers doing pretty nicely
today.
AOL Time Warner (AOL) finished $0.12 lower. The stock opened at $15.73.
And shares in 3M (MMM) were among the Dow standouts, jumping $1.75 thanks to an
upgrade from Lehman Brothers. And here are some of the others leading the
charge.
Alcoa (AA) up over a $1.
DuPont (DD) advancing $0.82.
Eastman Kodak (EK) up nearly a $1.
United Technologies (UTX) gaining $1.35.
And those listed here, including 3M, accounted for at least 40 points of
today`s Dow gains.
Hewlett-Packard (HPQ) jumped $0.78. H.P. is offering Sun Micro`s (SUNW)
corporate customers $25,000 worth of free services to ditch Sun`s computer
systems and buy new ones from Hewlett-Packard that are based on Linux. CIBC`s
analyst called the offer a publicity stunt. But Hewlett Packard apparently
trying to make Sun Micro`s loss into their gain, or their problems recently
into their gain.
Airline stocks taking flight. The carriers all releasing stronger than expected
traffic figures for September.
AMR (AMR), the nation`s largest air carrier, rising 8 percent. Merrill Lynch
upping its earnings estimates for the company.
And a rundown of other airline stocks, Alaska Air (ALK), Continental (CAL),
Delta (DAL), JetBlue Airways (JBLU) all turning in nice gains. JetBlue up $1.73
today.
On the down side, Newmont Mining (NEM) tumbling $2.04. The December contract
for New York gold registered a 3 1/2 percent decline, to about $370 an ounce.
And those who are long on gold were liquidating after the dollar rebounded
nicely against the other major currencies. Some analysts, though, still
optimistic that gold will break $400 an ounce in the coming months.
Administaff (ASF) perked up $1.07 on that surprise jump in employment that we
mentioned earlier, with the economy showing some signs of a rebound.
And most of the other major staffing companies moving higher, as well.
Labor Ready (LRW) up $0.03.
Manpower (MAN) up nearly $2.50.
Robert Half (RHI) up more than $2.50, as well.
Oxford Industries (OXM) jumped $4.30. The designer clothing maker raising its
2004 earnings guidance after reporting record first quarter profits of $0.84 a
share. Sales in 2004 expected to clear $1 billion.
But Collins & Aikman (CKC) sank $1.30, or nearly 35 percent. DaimlerChrysler
(DCX) may terminate its contract with the company, which makes car interior
fabrics, cockpit panels and the like. Chrysler reportedly has already begun
talking to new bidders.
Shares in EMCOR Group (EME) falling $8.66. The construction services firm
warning second half earnings will come under pressure because of shrinking
margins on smaller projects.
Now, take a look at the NASDAQ. They all did quite nicely today.
Intel (INTC) up nearly a $1.
Microsoft (MSFT) gaining more than a $0.50.
Cisco Systems (CSCO) up $0.77.
Oracle (ORCL) gaining $0.58.
Dell Computer (DELL) up $ 1.04.
eBay (EBAY) gained $2.25.
Amgen (AMGN), though, losing $1.18.
And Applied Materials (AMAT) up $0.91.
Yahoo! (YHOO) up another $1.33 after its pretty good gain yesterday.
And Amazon.com (AMZN) up $2.80.
Juniper Networks (JNPR) jumped $1.39, or 9 percent. The analyst at U.S. Bancorp
Piper Jaffray said a lot of the negatives that would have hurt Juniper`s
quarterly performance have now gone away. That includes a strike at Verizon
which never materialized. And sales for Internet routing gear have turned out
to be better than expected earnings.
Adtran (ADTN) soaring $9. The company said third quarter profits and revenue
would be better than expected earnings and exceed analysts` previous estimates
of $0.05 to $0.06 a share.
California Amplifier (CAMP) up almost $2. Analysts expected a loss, but the
company reported a fiscal second quarter profit of $0.03.
Meanwhile, Spectronetics (SPNC) down $3.29. The FDA did not approve the
company`s laser system for treating a particular kind of arterial disease. The
company, though, says that it`s not giving up on the approval.
And finally, Dove Pharma (DOVP) off $3.54. The FDA halting Phase 3 trials of
its anti-anxiety drug. It says, the FDA, rather, says it wants more safety
information.
And those are our stocks in the news tonight.
Nightly Business Report transcripts
are available on-line post broadcast. The program is transcribed
by eMediaMillWorks. Updates may be posted at a later date. The views
of our guests and commentators are their own and do not necessarily
represent the views of Community Television Foundation of South
Florida, Inc. Nightly Business Report, or WPBT. Information presented
on Nightly Business Report is not and should not be considered as
investment advice. Copyright (c) 2003 Community Television Foundation
of South Florida, Inc. ALL RIGHTS RESERVED. Terms of use.
10/03/03:
Market Stats
NET PERCENT
CLOSE CHANGE CHANGE
DOW CLOSE 9572.31 +84.51 + .9
HIGH 9666.53
LOW 9492.54
NASDAQ COMP. 1880.57 +44.35 +2.4
HIGH 1891.62
LOW 1864.54
VOLUME 1,552.2
PREVIOUS 1,269.4
UP VOLUME 1,169.8
DOWN VOLUME 371.4
DOW TRANSPORTS 2784.85 +41.18 + 1.5
DOW UTILITIES 253.17 -.15 - .1
CLOSING TICK +956
S&P 500 1029.85 +9.61 + .9
S&P 100 515.17 +3.97 + .8
MIDCAP 400 530.61 +6.90 + 1.3
REUTERS/CRB 243.90 -.66 - .3
NYSE COMPOSITE 5831.78 +51.82 + .9
VALUE LINE 331.86 +4.63 1.41
RUSSELL 2000 512.28 +9.08 1.8
WILSHIRE 5000 9990.3 +102.94 1.04
U.S. TREASURIES
5-YEAR NOTE 3.125%
Sept. 15,2008 100 4/32 -1 1/32 3.10
10-YEAR NOTE 4.25%
Aug. 15,2013 100 13/32 -1 21/32 4.20
30-YEAR NOTE 5.375%
Feb. 15, 2031 104 2/32 -2 15/32 5.10
LEHMAN BROS.
LONG BOND INDEX 1731.07 -32.51
DOW CLOSE 9572.31 +84.51 + .9
ADVANCES 2171
DECLINES 1091
NEW HIGHS 411
NEW LOWS 5
NET PERCENT
NYSE MOST ACTIVES 4PM CLOSE CHANGE CHANGE
NT Nortel Networks 4.31 +.01 +.2
LU Lucent Tech 2.22 +.06 +2.8
PFE Pfizer 30.78 -.27 -.9
GE GE 30.82 +.07 +.2
NOK Nokia 16.80 +.24 +1.5
C Citigroup 47.11 -.14 -.3
BVF Biovail 31.10 -6.67 -17.7
MDT Medtronic 45.88 -2.37 -4.9
F Ford Motor Co 11.41 +.39 +3.5
AOL AOL Time Warner 15.39 -.12 -.8
NASDAQ CLOSE 1880.57 + 44.35 + 2.4
VOLUME 2,016.1
PREVIOUS 1,607.7
ADVANCES 2185
DECLINES 995
NASDAQ ACTIVES
INTC Intel 29.61 +.99 +3.5
MSFT Microsoft 29.08 +.58 +2.0
CSCO Cisco Systems 20.76 +.77 +3.9
ORCL Oracle 11.98 +.58 +5.1
DELL Dell Inc 34.91 +1.04 +3.1
EBAY eBay 57.35 +2.25 +4.1
AMGN Amgen 64.97 -1.18 -1.8
AMAT Applied Matl 19.46 +.91 +4.9
YHOO Yahoo! 39.24 +1.33 +3.5
AMZN Amazon.com 52.89 +2.80 +5.6
AMEX CLOSE 1005.97 - 1.05 - .1
INDEX SHARES
DIA DIAMONDS TRUST 95.92 +.73 +.8
QQQ NASDAQ 100 34.19 +.93 +2.8
SPY S&P DEP.RECEIPTS 103.39 +.91 +.9
STOCKS IN THE NEWS
MMM 3M 73.03 +1.75 +2.5
AA Alcoa 28.15 +1.02 +3.8
DD Du Pont 40.78 +.82 +2.1
EK Eastman Kodak 21.44 +.94 +4.6
UTX United Tech 81.80 +1.35 +1.7
HPQ Hewlett-Packard 20.30 +.78 +4.0
AMR AMR 12.68 +.93 +7.9
ALK Alaska Air Group 29.72 +.98 +3.4
CAL Continental Air 18.76 +.78 +4.3
DAL Delta Air Lines 13.51 +.09 +.7
JBLU JetBlue Airways 64.31 +1.73 +2.8
NEM Newmont Mining 37.88 -2.04 -5.1
ASF Administaff 10.57 +1.07 +11.3
LRW Labor Ready 10.58 +.03 +.3
MAN Manpower 40.22 +2.42 +6.4
RHI Robert Half 21.60 +2.14 +11.0
OXM Oxford Inds 68.49 +4.30 +6.7
CKC Collins Aikman 2.43 -1.30 -34.9
EME EMCOR Group 34.79 -8.66 -19.9
JNPR Juniper Networks 16.63 +1.39 +9.1
ADTN Adtran 72.64 +9.15 +14.4
CAMP California Ampl 6.99 +1.98 +39.5
SPNC Spectranetics 3.07 -3.29 -51.7
DOVP Dov Pharm 13.95 -3.54 -20.2