Word: dows
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...numbers on the indexes, it was great news. Earnings reports after Wednesday's bell by Yahoo, Microsoft and Motorola turned Thursday into an almost-giddy celebration by investors. All major indexes started out hot at the bell and kept on chugging, with the Dow up 240 and the NASDAQ up over...
...Wall Street is pretty much tasting its own cooking these days, and that means earnings - and maybe cable guys - will be setting the temperature of the Dow, NASDAQ and S&P 500 for a while yet. And with everyone awaiting gloom and doom, well, there's always a chance, however slim, for a pleasant surprise...
...that Big Tobacco needed the generosity. Consider the fortunes of global leader Philip Morris. The firm was the Dow's best performer last year, rising 91% in a turgid market. Tobacco profits, buoyed by strong domestic growth, reached a record $10.6 billion. No. 2 R.J. Reynolds Tobacco and No. 3 British American Tobacco also saw their sales and profits reach new heights...
...Tennessee released more than 900 pages of archived e-mail between an administrator and a married college president in which the administrator wrote of her love for him and of her use of drugs and alcohol to deal with her unhappiness. Employers, including the New York Times and Dow Chemical, have fired workers for sending inappropriate e-mail...
...which means the Fed's medicine - this cut, and the last five - is going to work more slowly than usual. And it hasn't worked so far, either - the Dow and the NASDAQ, after six months of cuts, are below what they were when Greenspan started this regime, owing mostly to a complete lack of a pulse in either corporate profits or capital spending. Big Al, staring at the chasm of time between and now and next spring, might have considered it pointless to throw an extra 25 points into the abyss - 25 points that might force him to start...