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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: i-node who wrote (152870)	10/4/2002 12:23:59 PM
From: tejek	Respond to of 1586862

Do you think the liberals are forcing the Naz down so Bush will look bad in the fall elections? Those liberals are so partisan.......even when it comes to stock investing! BTW I noticed that jobs dropped 43k in Sept. Do you think the Reps. are planning to take back all the jobs produced in the 90's because they were created by a Dem. administration? ______________________________________________________ Stocks Fall; Nasdaq Hits 6-Year Low October 04, 2002 11:59:00 AM ET NEW YORK (Reuters) - U.S. stocks added to losses in late morning trade on Friday, reversing a modest opening advance and pushing the tech-laden Nasdaq to a 6-year low after a fresh bout of dour corporate earnings news. Some of the latest discouraging earnings news came from giants such as drugs group Schering-Plough Corp (SGP) and Alcoa Inc. (AA), the world's largest aluminum producer. Others that issued bleak news include data storage firm EMC Corp. (EMC) and the decline in its shares hit rivals. The tech-laced Nasdaq Composite Index fell 18 points, or 1.50 percent, to 1,147, having scraped a session nadir of 1,146.07, its lowest level in 6 years. The broad Standard & Poor's 500 Index lost 16.01 points, or 1.95 percent, at 802.94. The Dow Jones industrial average sank 161 points, or 2 percent, to 7,558. Wall Street also mulled a mixed report on the U.S. labor market. The government said U.S. nonfarm payrolls fell by 43,000, despite expectations of a gain of 5,000. But the unemployment rate was 5.6 percent, below an expected 5.9 percent, and the August jobs gain was revised sharply upward to 107,000 from a previously reported 39,000 increase. Laboratory Corp. of America Holdings (LH) sank 34 percent after it said third-quarter profits fell below estimates because of a slowdown in growth of routine clinical tests in certain regions. Shares plunged $11.27 to $21.91. International electricity generator TXU Corp. (TXU) slashed its profit outlook through next year, sending its stock tumbling to the lowest point in 14 years. Shares were off $6.20 at $26.70. © 2002 Reuters