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Newspaper
Bluefield Daily Telegraph
Location
Bluefield, West Virginia, United States of America
Date
Aug 06, 2003
Page
6
Incomplete OCR data shows a string of numbers and codes with no identifiable names places dates or events. The readable portion does not indicate a person team organization or action to summarize into a news item.
Stocks dropped sharply as terrorism fears and rising rates spooked investors. The Dow fell 149.72 points to 9036.32, while the Nasdaq slid 40.50 and the S&P 500 lost 17.35. Analysts blamed growth in rates hurting consumer and business spending. experts noted market nerves after the Jakarta Marriott bombing.
Gartner predicts one in ten IT services jobs and one in twenty at ordinary firms will move to low-cost overseas companies by 2004. Bay Area companies like Intel HP Oracle PeopleSoft and Bank of America already offshore. Many U.S. workers face limited reemployment options as the trend continues.
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