How One Bank Is Dealing With The Investigation

• September 11, 2003
• Brice Wightman

Stocks broke a two-day losing streak. On this second anniversary of
the 9/11 attacks, moments of silence were observed on the NYSE. Jobless claims
rose to their highest level in two months, to 422,000. Good earnings news from
Adobe
(
ADBE |
Quote |
Chart |
News |
PowerRating) and raised guidance from
Triquent
(
TQNT |
Quote |
Chart |
News |
PowerRating) lifted technology.

Smith Barney cut its rating on
IBM
(
IBM |
Quote |
Chart |
News |
PowerRating) to underperform from in line.
Campbell Soup
(
CPB |
Quote |
Chart |
News |
PowerRating) met estimates by a penny, on sales that were
up 19% over a year ago. Bank of America
(
BAC |
Quote |
Chart |
News |
PowerRating)
fired the head of its brokerage and private banking office, in reaction to New
York Attorney General Elliot Spitzer’s investigation.

Today’s Market
Indices:

The Dow Jones Industrial
Average
(
$INDU.X |
Quote |
Chart |
News |
PowerRating) gained 39.30 to 9459.76

The S&P 500
(
$SPX.X |
Quote |
Chart |
News |
PowerRating),
1016.99 rose 5.50 to 1016.42

The Nasdaq
(
$COMPQ |
Quote |
Chart |
News |
PowerRating)
added 22.28 to 1846.09

 

NYSE Volume
1,295,888,000

NYSE Advancing Issues 2150   
NYSE Declining Issues 1103

 

NASDAQ Volume
1,757,382,000

NASDAQ Advancing Issues 2070   
NASDAQ Declining Issues 1086

Today’s Leading
Sectors:

Networking Index
(
$NWX.X |
Quote |
Chart |
News |
PowerRating),
+2.51%

Computer Hardware Index

(
$HWI.X |
Quote |
Chart |
News |
PowerRating), +1.70%

GSTI Software Index
(
$GSO.X |
Quote |
Chart |
News |
PowerRating),
+1.90%

Airline Index
(
$XAL.X |
Quote |
Chart |
News |
PowerRating),
+2.47%.

Today’s Weak
Sectors:

Morgan Stanley Health
Care Index
(
$HMO.X |
Quote |
Chart |
News |
PowerRating), -.54

S&P Insurance Index
(
$IUX.X |
Quote |
Chart |
News |
PowerRating), -.48%

Natural Gas Index
(
$XNG.X |
Quote |
Chart |
News |
PowerRating),
-.44%

Key Futures:

The 10-year U.S. Note:
-160 at 111 100

The dollar: +.05 at
96.55

Gold: +.40 at 380.40

Crude Oil -.47 at
28.82

Dow Stocks:

AT&T
(
T |
Quote |
Chart |
News |
PowerRating),
+.04 at 21.99

Merck
(
MRK |
Quote |
Chart |
News |
PowerRating), -.40 at 53.30

Intel
(
INTC |
Quote |
Chart |
News |
PowerRating), +0.37 at 28.03

Citigroup
(
C |
Quote |
Chart |
News |
PowerRating), +0.26 at 44.21

Microsoft
(
MSFT |
Quote |
Chart |
News |
PowerRating), +0.29 at
27.84

If you have any comments or questions, please
feel free to email me.

Vincent Mao

vincentm@tradingmarkets.com