Stocks Drift With Mixed Moves Across Markets
Market brief notes trading in midday sessions with fractional shifts. Prices shown include several tickers at varied levels, indicating cautious activity as investors weigh economic signals.
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Newspaper
Bluefield Daily Telegraph
Location
Bluefield, West Virginia, United States of America
Date
Aug 11, 2004
Page
6
Market brief notes trading in midday sessions with fractional shifts. Prices shown include several tickers at varied levels, indicating cautious activity as investors weigh economic signals.
New York investors pushed stocks higher after the Federal Reserve kept to a cautious growth outlook and raised rates by a quarter point to 1.5 percent. The Dow gained 130.01 to 9,944.67, the S&P 500 rose 13.82 to 1,079.04, and the Nasdaq climbed 34.06 to 1,808.70 as oil prices dipped.
New Peoples Bankshares Inc. reports Q2 earnings of 1.027 million dollars or 15 cents per share, up from 593,000 dollars or 9 cents. Interest income rose 37.6 percent to 4.459 million with fee income at 723,000. The bank opened a Richlands office and plans a Bluefield branch within 18 months, adding to 17 offices and 2 loan offices across Virginia, West Virginia and Tennessee.
Coors Brewing Co will invest up to 190 million dollars to construct a new brewery in Elkton Virginia. The plant aims to produce up to 7 million barrels annually and align with existing packaging capacity. Completion is projected for early 2007.
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