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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 29, 2003

Page

7

Stocks Rise Moderately On Light Preholiday Trading

Wall Street in a quiet session edged higher after a late buying surge. Nasdaq led with an 1 percent gain to 1800.18, while the Dow rose 40.42 to 9374.21 and the S&P 500 added 6.05 to 1002.84 amid slow volume and vacation trading.

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Economy rebounds as second quarter GDP rises to 3.1 percent

The Commerce Department reports a revised 3.1 percent annual growth in GDP for Q2, up from 2.4 percent, reflecting stronger consumer and business spending and increased military spending. Economists, led by Bill Cheney of John Hancock, say momentum suggests solid growth through the year.

Ashington Commerce Department United States Bill Cheney John Hancock

GDP signals potential second-half U.S. rebound

Economists cite improving manufacturing, shopper activity, and rising consumer confidence as signs for a stronger second-half economy. A Labor Department release shows unemployment benefit claims up 3,000 to 394,000 last week, with delays blamed on a major regional power outage.

Labor Department Midwest Commerce.gov

Virgin Atlantic and United push in-flight extras to lure travelers

Virgin Atlantic rolls out 64 music CDs 40 movies 130 TV programs 15 video games and in-flight e mail options while United plans domestic e mail by year end with fees. Airlines seek to revive business travel after a 25 percent drop since 2000 as consumer demand and the economy struggle.

Virgin Atlantic Airways United Airlines Chicago U.S Asian Airlines Iraq Atlantic Virgin United Singapore Airlines Virgin Atlantic JetBlue Business Travel Coalition Kevin Mitchell

Also Mentioned on This Page

the Market IN Review Nyse Dany Dow Jones Dow Jones Department of Commerce
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