Market Update Sat 10:03am ET: Weekly Recap - It was a mixed week for the stock market. Downward momentum from late last week carried into early this week, but the market then stabilized and went into a holding pattern.
Two themes from the past week were good economic data and continued mergers and acquisitions.
On Monday, the S&P 500 lost 7 points. There was no major news to account for the loss, but the tone had worsened late in the prior week. Tuesday, the S&P was down a miniscule 0.30 for its fourth straight loss. That changed on Wednesday, as the S&P gained 3 points and...
All Things in Moderation. New research suggests that a few drinks a week can reduce your chances of heart disease. Be careful to steer clear of high-calorie drinks -- avoid sweet mixers, like soda, tonic and juice.
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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!
Homeland Security poorly managed: audit Secretary of Homeland Security Michael Chertoff is seen in Washington, December 20, 2005. Nearly three years after President Bush created the Department of Homeland Security after the September 11 attacks, the sprawling agency still faces management problems that were partly to blame for the poor response to Hurricane Katrina, an internal audit showed. (Larry Downing/Reuters)
2:08 pm PT Market Wrap : After being stuck in the tightest of trading ranges amid a lack of market-moving catalysts, renewed selling interest within the last hour of trading closed the major indices as well as nine of ten economic sectors in negative territory. However, much of the volatility late in the day can be directly tied to a lack of participation, as holiday-thinned trading desks resulted in much lighter than normal volumes.
1:33 pm PT STEN reports Q4 income from continuing operations of -$0.15 vs $0.03 in 4Q04; revs rose 16.5% YoY to $2.4 mln 5.02 +0.02 : �
1:11 pm PT Cycle Country Accessories announces 2005 earnings are in line with guidance of $0.15/share; revs of $17.2 mln (ATC) 3.10 -0.05 :
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