Robust 3.6% GDP growth sparks inflation worries
The Commerce Department revises second quarter GDP to 3.6 percent, far above the prior 2.2 percent estimate, erasing expected coolings on prices and prompting concerns that milder inflation may accelerate. Labor claims fall to 323,000 as Wall Street swings with the GDP surprise.
MENTIONED IN THIS ARTICLE
Washington
Commerce Department
United States
Robert G. Dederick
Northern Trust Co
Chicago
Labor Department
Wall Street
Wall Street Day of Reveries Sends Stocks on a Jagged Ride
Wall Street swung through a volatile session as the Dow fell 92.90 to 7694.43 before rebounding to near break even. Smaller stocks reached a record high for a second straight day while tech outlooks and a stronger GDP reading amplified market swings. The Commerce Department reported GDP at a 3.6 percent annual rate for Q2, up from 2.2 percent.
MENTIONED IN THIS ARTICLE
New York
Dow
Havin
Alan Ackerman
Fahnestock & Co
U.S
Commerce Department
Native named to top CIS posts in Bethesda
Dayton native Mark L. Capaldini will become president and CEO of Congressional Information Service Inc. on August 18, reporting to Tim Davies of National Information Services. He succeeds Paul Massa, retires after 17 years, and brings vast government data experience from Legi State and prior roles at Claritas, the Washington Post, and Arthur Andersen.
MENTIONED IN THIS ARTICLE
Dayton
Ohio
Mark L. Capaldini
Legi State Inc
Washington, D.C
Congressional Information Service, Inc
CIS
Bethesda
Louis Capaldini
Logan
Marie Capaldini
Reston
Capaldinis
Bluefield
Capaldini
Tim Davies
National Information Services
Claritas, Inc
Washington Post
Arthur Andersen & Company
New York City
Yale University
Harvard University Graduate School of Business
Poynter Institute For Media Studies
American Press Institute
Washington Journalism Center
Bogota
Colombia
Congressional Information Service Inc
U.S
Congressional Committee
Executive Branch
Lexis-Nexis
Reed Elsevier Inc
Reed Elsevier Pic Group
Reed Elsevier
Reed International P.L.C
RUK
Also Mentioned on This Page
Ron Campbell
AM. Family Corp
Ameritech
At&t Corp
AM. Water Works
Anheuser-Busch
Apple Computer
IND. Tech
Ashland Coal Inc
Ashland Oil Inc
Atlantic Richfield
Baker-Hughes Inc
Baltimore Gas & EL
Bell Atlantic
Bellsouth Corp
Bethlehem Steel
Boeing CO
Cabot Oil & Gas
Carolina Power
Chevron Corp
Chrysler Corp
Chubb Corp
Citizens Utilities
Coca-Cola CO
Columbia Gas Sys
Columbia Healthcare
CON. Nat'l Gas Corning Inc
Crestar Financial
CSX Corp
Detroit Edison Dominion Res
DOW Chemical Dupont
Eastern Ent
Eastman Kodak
Emerson Electric
Ethyl Corp
Exxon Corp
First Union Corp
1St Virginia Bank Flowers Industries
FMC Corp
Food Lion Inc
Ford Motor CO
GEN. Electric CO
GEN. Motors Corp
GTE Corp
Georgia Pacific Gillette CO
Glaxo Holdings
Goodyear Tire
Hercules Inc
Humana Corp
IBM Corp
Ingersoll-Rand
Intel Corporation
K-Mart Corp
Kroger CO
Lowe's CO
Lucent Technologies
Mapco Inc
McDonald's Corp
MCI Communications
Merck & CO. Inc
Microsoft Corp
Mobil Corp
Monsanto CO
Mylan Labs, Inc
NASH
Federal Reserve
Tel
Boia
Sarare
Serta
Aaa
Princeton
Mullens
Darrell C. Belcher
M.D
Philip J. Branson
Frederick B. Morgan, D.O
Orthopaedic Center of
The
Virginias
Courthouse Road
Main Street
Your Guide
Concerts IN the Square
Horizon
Bluefield Baily Telegraph
Dewntown Bluefield
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