AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.
Create a link to this page
Copy and paste this link tag into your Web page or blog:
Byline: CRAIG SHAW
NYSE stocks ended a dismal quarter on a sour note Friday, with the Dow industrials falling 0.3% on heavier volume and the S&P 500 down 0.1%. For the week, the Dow lost 0.2% and the S&P gained 0.03%.
Allegheny Energy gapped down 3.01, or 10.5%, to 25.75 after Merrill Lynch cut its midterm rating on the utility holding company to neutral from buy, citing sharply lower earnings expectations. Merrill also warned that Allegheny may need to issue more equity later this year to maintain stable debt ratings. Volume ballooned to nearly six times normal.
Polaris Industries fell 2.40 to 65 on 3 1/2 times normal trade, giving back all of Thursday's gains. The snowmobile and all-terrain vehicle maker is down almost 10% in seven days. It sits 15% off its high.
Autoliv climbed 0.90 to 25.20 on more than triple normal trade. The Swedish car safety equipment maker is only 2% off its high after three straight up days. Its Relative Strength Line is in new high ground. It said Thursday it's started producing airbags in Shanghai, establishing it as the first airbag maker in China.
Dollar Thrifty Automotive Group set an intraday high before settling for a 0.89 gain to 25.90. Volume surged sevenfold. The stock suffered a steep slide last summer, but has regained all ...