America's Markets Defiant In Face Of Terror Threats
by Anonymous

ATLANTA, GA August 4, 2004 -- In a day marred by terror threats, US stock markets saw rises despite early expectations of declines. The beginning of the trading day showed investors to be jittery, but soon gained momentum to finish the day in the black at the Dow (40.55), Nasdaq (4.73), and the S&P 500 (4.98).

Threats included buildings housing the World Bank/IMF in DC, Prudential Financial in New Jersey, as well as Citicorp and the New York Stock Exchange in NY. After learning of specific threats against financial interests in the US, Homeland Security Secretary Tom Ridge raised the terror alert to High (Orange) in the three cities.

On Sunday NYSE Chief Executive John Thain said, "the exchange will continue to be open for business on our normal schedule." Thain was joined by Senator Charles Schumer to herald the exchange staff as they arrived for work on Monday morning, while Mayor Michael Bloomberg and Gov. George Pataki rang the opening bell. The NYSE had no plans of shutting down or limiting trading.

The Mayor joined First Lady Laura Bush, her daughters, and Secretary Ridge at the Citicorp building to talk with workers as they patiently tolerated increased security. The First Lady thanked people for coming to work.

Citicorp (C) closed up 0.52%, while Prudential (PRU) closed down 0.99%.





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