- Man shot by police ID'd; witness shares his side of story (2/17/17)31
- Settlement reached in accidental shooting case at Kelly High (2/15/17)10
- Jackson board votes to demolish high school building if bond issue passes (2/15/17)24
- MSHP: McLendon shot in side; autopsy refutes witness account (2/19/17)23
- Cape officer shoots man inside a home (2/16/17)7
- Panda Express restaurant coming to Cape's Siemers Drive (2/14/17)2
- Business notebook: Owners ready to roll out the Barrel 131 (2/20/17)3
- Former Cape cop indicted on possessing child porn (2/17/17)
- Man dies after being shot by officer; said to have come at cop with knife (2/16/17)29
- Ray's of Kelso to close, then reopen under new ownership (2/16/17)6
Wall Street has few clues on stock market's next leader
NEW YORK -- One great mystery on Wall Street has been which stock sector is going to lead the rest of the market into recovery. It's not going to be solved anytime soon.
Investors, having gotten past the Sept. 11 anniversary of the terror attacks, must now factor the possibility of war with Iraq into their search for leadership.
"We are just mired in a situation where the economy is not giving you the high sign. We are post-Sept. 11, but staring possible war in the Middle East in the face," said Brian Bush, director of equity research for Stephens Inc. "That is a difficult environment for the market to go forward in."
There may not be any clear-cut leaders on Wall Street for a while.
"In terms of market leadership, I don't think we are going to have any. It is going to be very fragmented," said Scott Bleier, president of Hybridinvestors.com.
Of the 10 sectors tracked by Standard & Poor's, consumer staple issues -- makers of such necessities as toothpaste and deodorant -- are the lone leaders, up 1 percent so far this year.
No surprise who the biggest losers are -- telecommunications, down 45.2 percent.