Mixed day on Wall Street

Wall Street closed out a dismal third quarter with a mixed performance Thursday after Merck & Co. said it would be forced to remove its best-selling Vioxx arthritis drug from the market.

Mixed day on Wall Street
Fri, 01 Oct, 2004 - 00:02

Wall Street closed out a dismal third quarter with a mixed performance Thursday after Merck & Co. said it would be forced to remove its best-selling Vioxx arthritis drug from the market.

Merck’s unexpected bad news left blue chips with a loss for the day, while high-tech stocks got a lift from bargain hunters.

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CourtsBusinessHeathrowPlace: Wall Street Wall StreetPlace: Wall StreetPlace: U.S.Person: Bryan PiskorowskiPerson: MerckOrganisation: Merck & Co.Organisation: MerckOrganisation: DowOrganisation: Commerce DepartmentOrganisation: Wachovia SecuritiesOrganisation: Dow Jones & Co.Organisation: NasdaqOrganisation: New York Mercantile ExchangeOrganisation: VioxxOrganisation: Pfizer Inc.Organisation: GlaxoSmithKline PLCOrganisation: Bristol-Myers Squibb Co.Organisation: PepsiCoOrganisation: Wall StreetOrganisation: Nortel Networks Inc.Organisation: NortelOrganisation: New York Stock Exchange
<p>Cork-founded information and communication technologies company PFH Technology has posted turnover of €178.5m, up 18% on the previous year, with operating profits increasing to €19.8m.</p>

Profits rise to €19.8m at Cork-headquartered PFH Technology

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