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Newspaper
Bluefield Daily Telegraph
Location
Bluefield, West Virginia, United States of America
Date
Dec 01, 2000
Page
6
Financial report notes closing prices and quotations as of November 30 2000. Provided by Ron Campbell Investment Planning and Raymond James Financial Services.
New York traders pulled back sharply as Gateway warned of disappointing holiday sales fueling fears of worsening earnings and economy. The Nasdaq tumbled past 50 percent from its peak while the Dow dropped over 300 points before paring losses, marking a severe one day rout on the Nasdaq and NYSE.
Washington AP report shows October personal incomes falling 0.2 percent while consumer spending rose 0.2 percent. Commerce cites a swing in federal payments to farmers and warns that weaker consumer demand and stock market volatility could slow the economy. Jobless claims rose to 358,000, the highest in over two years.
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