Treasury prices rallied, sending the 10-year note yield down to 3.
The dollar was little changed against the yen, but was weaker against the euro. Louis Federal Reserve President William Poole said the Fed would continue to watch economic data as it sets interest rate policy. Investor pessimism grows on profit concerns about GE, automakers, tech outlook from Hewlett-Packard. Pier 1 Imports said its chairman and chief executive has decided to retire from both positions at the end of February. Treasury prices rallied, sending the 10-year note yield down to 3. The Senate confirmed President Bush's nomination of Mary Peters as secretary of transportation. View investment banking data by industry sector and geographic region.
Subscribers can access articles from their favorite Journal columnists, including online exclusives. Despite the declines, the major indexes were on track to wrap up a solid month and a stellar third quarter. The Channel EconomyThe tax cut tide versus the Fed's headwinds. The sample below shows headlines from 3 of our featured industries. Quotes supplied by ComStock, an Interactive Data company. Despite the declines, the major indexes wrapped up a solid month and third quarter. Although a comment from the strategist once had an immediate effect on trading, it did not seem to have as much of an effect in light of the broad-based negativity. In the sample below, see 5 of our currently featured columns. His comments were seen as leaving the door open to additional interest rate hikes if inflation necessitates them; traders had been hoping the hikes were over.
Meanwhile, a tempered outlook from Motorola also disappointed investors. Crude oil jumped to a four-month high on concerns about Iran's nuclear arms dispute. She succeeds Norman Mineta, who left the post in July.