4:20 pm : For most of the day, the stock market traded in mixed fashion and within a relatively narrow range. The Dow managed to close with a modest gain, but the S&P and Nasdaq did not fare as well.
There were two primary factors behind today's bearish bias. First, interest rates are rising on a number of fronts, and they are raising a host of concerns. As it's creating anxiety over higher mortgage rates causing a deceleration in consumer spending, the benchmark 10-year note has occupied the spotlight. Yesterday, the market dropped as that note jumped to a 4.74% yield
JESSICA'S DIVA DEMANDS
Jessica Simpson, 25, likes to act clueless, but she can swing her celebrity weight like a pro. According to a studio source, weeks before the press tour for The Dukes of Hazzard began, "we were bombarded with a six-page pamphlet of demands for Jessica from the office of her dad, Joe Simpson." Among Jessica's requests: paid accommodations for her hairstylist and assistant in the same hotel as Jessica; a wardrobe budget estimated in the thousands of dollars; cases of Evian water; and paid private... •JEN FREAKS OVER ANGELINA'S NEW BABY •JULIA STILES, GWYNETH PALTROW AND MORE!
Congress Renews Patriot Act; Bush to Sign President Bush and first lady Laura Bush depart Air Force One Tuesday, March 7, 2006, as they arrive at Texas State Technical College airport in Waco, Texas. (AP Photo/ Jerry Larson)
2:39 pm PT ArvinMeritor announces sale of Light Vehicle Aftermarket Exhaust business in North America to IMCO; no terms (ARM) : �
2:31 pm PT Stolt-Nielsen purchased 350,000 shares of its stock at US$32.10/sh (SNSA) 32.34 -0.12 : �
2:07 pm PT Market Wrap : For most of the day, the stock market traded in mixed fashion and within a relatively narrow range. The Dow managed to close with a modest gain, but the S&P and Nasdaq did not fare as well.
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