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Bluefield Daily Telegraph in Bluefield, West Virginia

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Newspaper

Bluefield Daily Telegraph

Location

Bluefield, West Virginia, United States of America

Date

Aug 14, 2004

Page

9

Stocks Rise As Oil Prices Climb Amid Confidence Dip

Wall Street closed a tough week with a small gain despite oil prices rising to a record near 47 and consumer confidence falling. The Dow gained 10.76 to 9,825.35, the S&P 500 added 1.57 to 1,064.80, and the Nasdaq rose 4.73 to 1,757.22 helped by Dell earnings. Investors remained cautious about inflation and growth with oil staying dominant in market sentiment.

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Trade deficit hits record high in June amid oil costs

The United States posted a record 55.82 billion trade deficit in June as the foreign oil bill surged, with exports down 4.3 percent to 92.82 billion and imports up 3.3 percent to a record 148.64 billion. Wholesale prices rose 0.1 percent in July, energy up 2.3 percent while food fell 1.6 percent, signaling a soft patch in the economy and potential inflation pressure.

Ashington U.S Labor Department Commerce Department

Southern States session set to plan year

Princeton's Southern States Cooperative will hold its annual membership meeting Thursday Aug 26 at 5 p.m. at 1047 Stafford Dr. Local and company operations plus the 2004 budget will be reported. Local board members will be elected, retiring members recognized. Nominees include J C Sutphin Ann Blevins and Steve Johnston.

Princeton Southern States Cooperative Stafford Dr J.C. Sutphin Ann Blevins Steve Johnston Marshall Mann Thomas R. Scribner Dennis Yena Dyena Bottonline

Also Mentioned on This Page

Dow Jones Industrials Mgm ELLE Fom Proteus Homens Ttl Federal Reserve Alan Greenspan America Sung Won Sohn Wells Fargo Minneapolis Mya Bureau of Labor Statistics U.S. Trade Department of Commerce By Dennis Yena Bluefield Daily Telegraph
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