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IBD'S TOP 10.(A)
WorldCom's Mess Slams Stocks
1The Nasdaq dropped 4.1%, posting its worst close since June 10, 1997. The index is down 28% for the year. Volume surged mainly due to the 1.5 bil shares traded in WorldCom alone. Nasdaq-listed medical, biotech, Internet and chip gear names plunged. The S&P 500 sank 2.1%, the S&P SmallCap 600 2.5%, the Russell 2000 3.2%. NYSE volume fell. More on B2
Judge Kills Federal Death Penalty
2A federal judge in N.Y. ruled it unconstitutional, saying too many innocent people were sentenced to death. He reaffirmed his earlier opinion. The Justice Dept. was expected to appeal. The ruling doesn't affect state executions. In 14 years, none of the 31 federal defendants sentenced to death was found innocent later, the government said.
ISM's Factory Index Rose In June
3 The Institute for Supply Management manufacturing index rose 0.5 to 56.2, the best since Feb. '00. It's been over the boom-bust 50 mark for five months. The production index hit a near five-year high. ISM said output is at or near a peak, but factories still don't have much room to raise prices or hire workers. The jobs index is nearly at break-even. More on this page
WorldCom Probe, Woes Deepen
- CORRECTION: Stocks Stage Comeback though Investors Grapple with WorldCom News.
- Newspaper article from: The Philadelphia Inquirer (Philadelphia, Pennsylvania) (via Knight-Ridder/Tribune Business News) June 27, 2002 700+ words
...though Investors Grapple with WorldCom News By Bob Fernandez The...corporate accounting scam at WorldCom Inc. The Dow Jones industrial...technology-heavy Nasdaq composite index rose 5.34, or 0.4 percent...was dominated by news that WorldCom, one of the celebrated Internet...
- Tech Stocks Lower; Nokia, Worldcom Plunge on Outlook Worries.
- Press release article from: PR Newswire July 27, 2000 700+ words
...568.45. Nokia was down 14 at 41 13/16 [NOK] while WorldCom was off 5 at 39 3/4 [WCOM] after the telecoms separately...may not be ebbing as previously hoped. The employment cost index rose a tame 1% in the second quarter, but still shows a steady...
- The Los Angeles-Long Beach-Anaheim Metropolitan Area Consumer Price Index rose...
- Press release article from: PR Newswire August 22, 1984 700+ words
...percent from July 1983. The housing index rose 0.4 percent from June to July, and...last year. The other goods and services index rose 1.8 percent from June and was up 3...reported since January 1983. The housing index rose 0.4 percent in July. Both renters...
- Bank of Israel: Economic growth slowed in July: The State of the Economy Index...
- Newspaper article from: Globes (Tel Aviv, Israel) August 21, 2006 700+ words
...The Bank of Israel State of the Economy Index rose just 0.2 percent in July to 114.3...percent in June. The State of the Economy Index rose 5.5 percent in January-July, after...2005 and 6.7 percent in 2004. The index rose 2 percent in the second quarter of 2006...
- In Brief: Confidence Index Rose Before Stock Drop.(Brief article)
- Magazine article from: American Banker March 12, 2007 700+ words
...firm announced last week that its Spectrem Affluent Investor Index rose 1 point in February, to 11, returning to mildly bullish...above its March 2006 level. The Spectrem Millionaire Investor Index rose 4 points in February, to a mildly bullish 19, exactly where...
- UAE: DUBAI FINANCIAL MARKET INDEX ROSE BY 32%.(Brief Article)
- Newspaper article from: IPR Strategic Business Information Database May 30, 2005 700+ words
...Consulting & Investment Company, shows that the Dubai Financial Market index rose by 32.4% in the first quarter of the current year. The same index rose by 172% last year. Until May 24, 2005, the index of the Dubai Financial Market...
- News In Brief: ISM Services Index Rose in December.
- Magazine article from: The Bond Buyer Siegel, Gary E. January 6, 2005 700+ words
...Management's non-manufacturing business activity composite index rose to 63.1% in December from 61.3% in November, on a seasonally...sentiment gained to 64.0% from 61.5%; supplier deliveries index rose to 55.5% from 55.0%, and imports dipped to 61.0...
- News In Brief: ISM Non-Mfg Index Rose to 62.2% in June.
- Magazine article from: The Bond Buyer Siegel, Gary E. July 7, 2005 700+ words
...Management's non-manufacturing business activity composite index rose to 62.2% in June from 58.5% in May, on a seasonally...sentiment was up to 64.5% from 63.0%; supplier deliveries index rose to 56.5% from 53.5%, and imports gained to 58.5...