Oil concerns leave stocks mixed in US

Oil supply concerns and broker downgrades of blue-chip companies left stocks mixed today, raising doubts that Wall Street’s year-end rally would continue.

Oil concerns leave stocks mixed in US
Mon, 06 Dec, 2004 - 21:39

Oil supply concerns and broker downgrades of blue-chip companies left stocks mixed today, raising doubts that Wall Street’s year-end rally would continue.

Brokerages lowered their ratings on three Dow Jones industrials components - Pfizer, Alcoa and Verizon Communications – illustrating the difficulties many companies may have in posting strong profits in 2005.

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CourtsBusinessHeathrowPlace: USPlace: Saudi ArabiaPlace: NigeriaPerson: Ken TowerPerson: Treasury SecretaryPerson: John SnowPerson: SnowPerson: Hugh JohnsonPerson: Merrill LynchOrganisation: Wall StreetOrganisation: Dow JonesOrganisation: PfizerOrganisation: AlcoaOrganisation: Verizon CommunicationsOrganisation: New York Mercantile ExchangeOrganisation: Standard & PoorOrganisation: NasdaqOrganisation: First Albany Corp.Organisation: Food and Drug AdministrationOrganisation: Goldman SachsOrganisation: Tradition Asiel SecuritiesOrganisation: Circuit City Stores IncOrganisation: Circuit CityOrganisation: Kimberly-ClarkOrganisation: New York Stock Exchange
<p>Under the model, the HCCI said that home care referrals are issued simultaneously to all approved providers, who must respond immediately to secure the allocation.</p>

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