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Newspaper
Bluefield Daily Telegraph
Location
Bluefield, West Virginia, United States of America
Date
Aug 03, 2002
Page
10
Fragmentary financial text discusses NAV changes, fund names, daily values, and pricing. It references loss fund names, currencies, and daily fluctuations with partial figures and indicators but lacks coherent structure or complete entities. The readable items suggest a brokerage or fund daily report format.
U S stocks fall sharply as Dow drops 193 points amid a broad selloff sparked by weak earnings from Walt Disney and National Semiconductor and cautious sentiment. Tech names like Intel and AOL Time Warner lead the retreat while the Nasdaq and S P 500 slide. Investors grapple with uncertainty and don’t buy as unemployment holds near six percent.
The July unemployment rate stayed at 5.9 percent with only 6,000 new jobs created. Services added payrolls while construction and manufacturing trimmed positions, signaling a fragile recovery. Factory orders fell 2.4 percent in June, the largest drop in seven months, dampening hopes for a rebound. Market declines followed as analysts foresee the Fed keeping rates steady at the August 13 meeting.
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