Stocks Drop as Bond Yields Rally and Dow Falls
Stocks declined sharply in the final hour as bond yields surged on inflation fears. The Dow Jones slipped 101 to below 8000, with the 30 year Treasury yield rising to 6.68 percent amid strong August retail sales suggesting hotter inflation and possible Fed rate hikes. Dealer notes credit the selloff to inflation fears and looming government reports, with analysts citing Redbook data as a catalyst for the move.
MENTIONED IN THIS ARTICLE
New York
Dow Jones
Dow
Treasury
Interstate Johnson Lane
Federal Reserve
Ricky Harrington
Charlotte
N.C
Home prices rise nationwide but fall in Northeast cities
The National Association of Realtors reports a 3.9 percent yearly gain in the median existing home price to 123700 in the April to June quarter, with Hartford Syracuse and other Northeast metros showing declines. Strong Midwest gains contrast with Northeast weakness amid varied regional results and high costs in Honolulu and coastal areas.
MENTIONED IN THIS ARTICLE
Washington
Hartford
Conn
Syracuse
N.Y
National Association of Realtors
Realtors
Russell K. Booth
West
Midwest
Northeast
Mark Zandi
Regional Financial Associates
West Chester
Boston
Buffalo
Newark
N.J
Providence
R.I
New York
Honolulu
Bradenton
Fla
South Bend
Ind
Jacksonville
Charleston
W.va
Shreveport
Michigan
Nebraska
Missouri
Lansing
Mich
Kalamazoo
Grand Rapids
Detroit
Lincoln
Neb
Omaha
Phoenix
Portland
Ore
Corpus Christi
Texas
Houston
Davenport
Iowa
San Francisco
Orange County
Calif
Bergen
San Diego
Middlesex
Los Angeles
Ocala
Waterloo
Beaumont
Saginaw City
Youngstown
Ohio
Amarillo
el Paso
Productivity slows to lackluster pace in Q2
Washington AP reports productivity growth in the April June quarter slowed to 0.6 percent per hour, below Q1's 1.4 percent. Labor costs stayed contained, easing inflation risk as hiring outpaced growth. Wall Street barely moved, with the Dow off over 100 points.
MENTIONED IN THIS ARTICLE
Washington
Labor Department
Elliott Platt
Donaldson, Lufkin & Jenrette Securities Corp
New York
Wall Street
Alderson Livestock Market Posts Aug 8 Sales Total
Alderson Livestock Market sold 408 head on August 8, generating $139,347.63 in receipts. Prices ranged for stocker and feeder steers from 41 to 85 per hundred pounds, Holstein steers at 59.50, heifers from 36 to 75, bulls 32 to 79.50, cow and calf pairs 250 to 640, and lambs around 79.50 to 80.50 with goats and boats also listed.
MENTIONED IN THIS ARTICLE
Ron Campbell
Robert Thomas Securities, Inc
Abbott Labs
Allegheny Power
Family Corp
Ameritech Linea
At&t Corp
Anheuser-Busch
Apple Computer
IND. Tech
Ashland Coaling
Ashland Oil Inc
Atlantic Richfield
Baker-Hughes Inc
Baltimore Gas & EL
Bell Atlantic
Bellsouth Corp
Bethlehem Steel Speen Can
Boeing CO
Cabot Oil & Gasee
Carolina Power
Chevron Corp
Chrysler Corp
Chubb Corp
Citizens Utilities
Coca-Cola CO
Columbia Gas Sys
Columbia Healthcare
Enna
CON
Nat's Gas
Corning Inc
Crestar Financial
CSX Corp
Detroit Edison
Dominion Res Os
DOW Chemical
Dupont
Eastman Kodak
Emerson Electric
Ethyl Corp
Exxon Corp
First Union Corp
1ST
Virginia Bank
Flowers Industries
FMC Corp
Food Lion Inc
Seeker
Ford Motor CO
GEN. Electric CO
GEN. Motors Corp
GTE Corp
Georgia Pacific
Gillette CO
Glaxo Holdingsee
Sena
Goodyear Tire
Hercules Inc A
Humana Corp End
IBM Corp
Ingersoll-Rand
Intel Corporation A
K-Mart Corp
Kroger CO
Lowe's CO
Lucent Technologies
Mapco Inc
McDonald's Corp
MC Communications
Chine Merck & CO. Inc
Microsoft Corp. Corp
Mobilcorp
Monsanto CO
Mylan Labs
Nash Finch CO
Nationsbank Corp
Navistar Int'l Intiguvit Inlet
Nike, Inc
Norfolk Southern
Occidental Pete
ONE Valley Bank
Lasa
J.C. Penney CO
Pennzoil CO
Pepsico Incio
Phila. Electric
Philip Morris Cos
Phillips Petroleum
Pittston Minerals
Potomac Elec
PWR
Praxair, Inc
Pulaski Furniture
Reebok Int'l
REX Stores Corp
Reynolds Metals
Rite Aid Corp
RJR
Nabisco Hldg
Sachsen Semanas
Rockwell Int'l
Aioniaetes
Sara Lee Corp
Sears Roebuck
Sherwin Williams
Shoney's Inc
Southern CO
Cee
Tenneco Inc
Texaco Inc
TRI Continental
Union Carbide
Union Pacific
Unisys Corp
Universal Corp Paathanenesnir Canenainen
Usair Group
USX
Marathon Oil
U.S. Steel
Wal-Mart
Walt Disney CO
Stesceplin
Wendy's Int'l A
Westinghouse EL
Westvaco Corp
Xerox Corp
Seemenies
Sons
Alderson Livestock Market
Alderson
Narrows Livestock Market report for Aug 9 sale
Narrows Va Aug 9 auction totals 235249.40 with hogs 7 sold. sheep lambs calves and goats listed. Cattle sales include 90 slaughter cows and 22 bred or calf pairs, with calves returned to farm 16 head and steers, heifers, bulls across weight ranges and prices.
MENTIONED IN THIS ARTICLE
Narrows
Also Mentioned on This Page
Happy Seth
Sam Comer
BKK
IKK
DNOM
West Virginia Public Television
Economics
U.S.A
Business and the Law
Anne Selinger
Wnpb-Tv
Beckley
WNPB
Morgantown
WPBY
Huntington
West Virginia
Public Broadcasting
Cellular One
Harper Road
Cellularone
Beckley Crossroads
Bluefield Mercer Mall
N. Jefferson Street
Richlands Claypool Hill
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