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Newspaper
Bluefield Daily Telegraph
Location
Bluefield, West Virginia, United States of America
Date
Aug 03, 2005
Page
6
Stocks of local interest rise and fall in narrow ranges as investors weigh minor gains in several issues. Top movers include a 0.60 point uptick for one index and a 0.07 rise for another amid scattered gains across sectors.
Bluefield Virginia honors New Graham Pharmacy as the Community Cornerstone for its 70 years in town since 1935. Town officials Brent Chambers and Don Harris attended the ceremony to commend the shop for sustained community service and growth. Michael Dye, owner and pharmacist, accepted the award and stressed local commitment and patient care.
Wall Street rose sharply with the Russell 2000 reaching a record close as investors welcomed double-digit earnings growth and upbeat data. The S&P 500 and Nasdaq hit multi year highs as consumer spending rose 0.8 percent in June, incomes rose, and the jobless rate fell to 5 percent. Factory orders increased 1 percent in June in line with expectations.
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