The Wall Street Journal: Results From eBay, Pfizer Help Push Down Market: "Speculation that EnCana was close to being acquired by Royal Dutch Shell sent EnCana shares sharply higher late on Wednesday, with the stock jumping 9.8%.": Friday 21 October 2005

Investors were chilled by more talk about inflation and earnings out of eBay and Pfizer.

The Dow Jones Industrial Average, giving up Wednesday's gains and more, fell 133.03 points, or 1.28%, to 10281.10, the Nasdaq Composite Index dropped 23.13, or 1.11%, to 2068.11, and the Standard & Poor's 500 Index shed 17.96, or 1.5%, to 1177.80.

Investors faced a number of pieces of discouraging news during the session, including Federal Reserve Bank of Atlanta President Jack Guynn signaling concern about inflation's path and indicating the central bank has more interest-rate increases ahead of it.

"Inflationary fears just continue to creep back in," said Ken Werner, managing director of trading at Merriman Curhan Ford. "People are using this as an opportunity to pare down" on stock holdings.

Shares of eBay (Nasdaq) fell $2.86, or 6.8%, to $39.15. Third-quarter profit rose 40% and revenue increased 37% as its main auction business showed signs of reaccelerated growth, but the company issued a lower-than-expected forecast for 2006. EBay announced its results after regular trading hours Wednesday.

Pfizer lost 2.07, or 8.6%, to 21.90, an eight-year closing low. The drug industry's bellwether stumbled in the third quarter amid slowing sales that led the company to lower its forecast for the year and withdraw financial guidance for 2006 and the following year.

Industrial average component McDonald's declined 1.29, or 3.8%, to 32.40. The fast-food chain reported a 5.5% drop in third-quarter profit, primarily because of a year-ago tax benefit that hurt comparisons.

Exxon Mobil was also up there among big Dow industrial decliners, losing 1.97, or 3.5%, to 55.20, as the stock followed oil down.

Coca-Cola was one of only five gainers among the 30-member industrial average, with an advance of 30 cents to 42.10. The beverage giant reported a 37% earnings increase in the third quarter, as unit case volume rose 5% led by growth in its international operations.

SBC Communications was another Dow advancer, adding 13 cents to 22.54. The telecommunications service provider posted a third-quarter profit that beat analysts' expectations. AT&T, which SBC is acquiring, tacked on four cents to 18.58.

Nokia lost 1.15, or 6.7%, to 15.90. Third-quarter profit was boosted by rising demand for phones with cameras and music players and growth in emerging markets. Gross margins at the world's largest handset maker remain under pressure.

Amgen (Nasdaq) fell 3.99, or 5.1%, to 74.10. The world's largest biotechnology company rode high demand for its anemia and infection-fighting drugs to healthy revenue and profit growth, although some investors worried about a possible slowdown in use of its drugs.

Among air carriers, JetBlue Airways (Nasdaq) lost 1.49, or 7.6%, to 18.05 after squeaking out a profit and warning of losses in the remainder of the year. Investors remained cautious about the group, sending shares of Southwest Airlines down by 51 cents, or 3.3%, to 15.07 despite the carrier continuing its pattern of profits in the worst of industry times.

EnCana dropped back 4.01, or 7.6%, to 48.55 after saying it isn't aware of any intention by any party to make a takeover offer, nor is it in talks with any party regarding such a deal. Speculation that EnCana was close to being acquired by Royal Dutch Shell sent EnCana shares sharply higher late on Wednesday, with the stock jumping 9.8%.

CBOT Holdings, the holding company for the Chicago Board of Trade, rose 10.59, or 13%, to 90.89 after gaining 49% Wednesday in its first day of trading as a public company.

Analog Devices rose 2.09, or 6.3%, to 35.28 and Intersil (Nasdaq) gained 1.58, or 7.5%, to 22.68. Both analog chip-makers forecast fourth-quarter financials that were higher than expected.

United Parcel Service advanced 1.61, or 2.3%, to 72.44. The package-delivery service reported a 7.1% rise in third-quarter profit, fueled by its strongest growth in shipments in more than a year.

Allstate lost 1.38, or 2.5%, to 53.02. The insurer swung to a third-quarter loss on losses from hurricanes Katrina and Rita and cut its year outlook.

E*Trade Financial rose 25 cents, or 1.5%, to 17.30. Third-quarter net income rose 36% as the online financial-services firm enjoyed an increase in customers, higher client assets and an unusually active summer trading season.

Write to Karen Talley at karen.talley@dowjones.com

MARKETS DATA AND RESOURCES
Statistical features related to U.S. Stocks
Regular Hours • Data Bank • Most Actives • Gainers • Losers • Volume Pct. Leaders • NYSE Highs/Lows • NMS Highs/Lows • DJ Average Charts • DJIA Hour by Hour • Map of the Market After Hours • Most Actives • Leaders/Losers	After Hours Other Resources • Earnings Digest • Earnings Surprises • IPO Pipeline • IPO Pricings • IPO Performance • Securities Offering Calendar • Upgrades/Downgrades Statistics • Dividends • Index Components • Money Flow • New Security Issues • New Stock Listings • Odd Lot Trading • Short Interest • Stock Splits • Dow-Stocks Yields