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Newspaper
Bluefield Daily Telegraph
Location
Bluefield, West Virginia, United States of America
Date
Aug 23, 2000
Page
5
Market overview for August 22, 2000 with closing prices and quotations provided by Ron Campbell Investment Planning and Raymond James Financial Services. Details include stock movements, index figures, and financial context for the session.
Verizon Communications and a 35,000 member union bargain over mandatory overtime in Pennsylvania New Jersey Delaware Maryland Virginia West Virginia and DC with a proposed cap at 8 hours weekly amid heavy traffic and emergencies. Striking workers in Baltimore say overtime harms single parents while New York and New England workers near settlement had no new limits.
Blue chip stocks gain after the Federal Reserve keeps rates unchanged signaling moderating inflation. Tech shares split with software and computer firms higher while semiconductors and telecoms weaken. Dow up 59.34, Nasdaq up 5.06, S&P 500 down 1.35. trading volume 815.08 million. Russell 2000 up 1.01.
Jefferson and Monongalia counties posted the state's lowest unemployment in July. Jefferson at 2.2 percent, Monongalia 2.3, with Hardy 2.7 and Berkeley 2.8 following. Kanawha 4 and Mason 13.6 marked the high end, while Mercer 4.8, Monroe 4.7, Summers 5.8 and the state 5.2 percent.
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