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THE REAL MOST ACTIVE Dow, S&P, Decline In Light New Year's Eve Trade.(MAKING MONEY)
Byline: KATHARINE STALTER
The S&P 500 slumped 0.1% Friday and the Dow industrials 0.2% in lower New Year's Eve volume. For the week, the S&P rose 0.2% and the Dow slipped 0.4% in below-average trading.
Oregon Steel Mills gained 0.95 to 20.29 in more than double normal volume. Friday's action follows an 11% drop Thursday on news that China's new status as a net exporter could hurt steel makers. It regained most of Thursday's losses. The company returned to profitability in 2004 after losing money in 2003.
Commercial Metals rose 0.66 to close at 50.56 in heavy volume. It too got slammed by Thursday's China news, but regained some ground Friday. The maker and recycler of steel increased earnings between 311% and 1,436% in the past four quarters. But First Call says analysts expect earnings growth to decline in 2005 and 2006.
AK Steel climbed 0.58 to 14.47 in brisk trade. The company's profit accelerated from 61% to 177% in ...
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...quarter distributions for the "Public Storage" real estate investment trusts...0.34 250,000 204,000 PSL Public Storage Properties X Inc. 0.35(1) 800,000 470,137 PSM Public Storage Properties XI Inc. 0.34 400...
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...Hughes, the billionaire chairman of Public Storage Inc., is preparing a nasty takeover...t be better. Several analysts said Public Storage's hiring last week of Goldman Sachs...ultimately sell--and most likely to Public Storage." The takeover effort could get contentious...
