Stocks Hit Record Highs On Rate Cut Expectations
On Monday stocks surged to new highs as bond gains and forecasts of a Federal Reserve rate cut boosted confidence. The Dow rose to 5,139.52, marking the 66th record of the year, with the Nasdaq and S&P also closing at fresh peaks. Traders cited lower yields and tech strength as key drivers, while volume reached 405.10 million shares.
MENTIONED IN THIS ARTICLE
NEW York
Federal Reserve
New York Stock Exchange
Standard & Poor
Larry Wachtel
Prudential Securities Inc
NYSE
American Stock Exchange
Fed
Treasury
Arson Suspected in Goodwins Chapel Road Fire Injuring Residence
MercER County reports indicate arson is suspected in a Friday fire at Basil Keffer's Goodwins Chapel Road home at 9 25 p m near a heater with kerosene likely poured on the floor. Oakvale Volunteer Fire Department responded and Sgt R Hill investigated.
MENTIONED IN THIS ARTICLE
Mercer County Sheriff’s Department
Basil Keffer
Goodwin’s Chapel Road
Oakvale
R. Hill
Green Valley
M.T. Smith
Brushfork
Church Hollow
Matoaka
Also Mentioned on This Page
Ron Campbell
Fami . Family Corp
Ameritech
At&t Corp
AM. Water Works
Anheuser-Busch
Apple Computer
Ashland Coal Inc
OIL Inc
Atlantic Richfield
Baker-Hughes Inc
E Gas & EL
Bearings Inc
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
Eastman Kodak
Emerson Electric
ETHYL
Exxon Corp
First Union Corp
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
K-Mart Corp
Kroger CO
Lowe's CO
Mapco Inc
McDonald's Corp
MCI Communications
Merck & CO. Inc
Mobil Corp
Monsanto CO
Mylan Labs
Nash Finch CO
Nations Bank Corp
Navistar Intl
Nike, Inc
Folk AN
Occidental Pete
ONE Valley Bank
Pacific Telesis
J.C. Penney CO
Pennzoil CO
Pepsico Inc
Phila. Electric
Philip Morris Cos
Phillips Petroleum
Pittston Minerals
Pittston Services
Potomac Elec
PWR
Praxair, Inc
Premier Bankshares
Pulaski Furniture
Reebok Int'l
REX Stores Corp
Reynolds Metals
Rite Aid Corp
RJR
Nabisco Hldg
Rockwell Int'l
Sara Lee Corp
Sears Roebuck
Sherwin Williams
Shoney's Inc
Signet Banking
Southern CO
Tenneco Inc
Unisys Corp
Universal Corp
Usair Group
Marathon Oil
U.S. Steel
Wal-Mart
Walt Disney CO
Wendy's Int'l
Westinghouse EL
Westmoreland Coal
Westvaco Corp
Xerox Corp
Daily Record
Silk Mobile Home Park
Kegley
W. Worley
T. Gill
Elizabeth Wilson
Gayle Street
Princeton
T.E. Gill
Elouise Holstein
Woodcrest
Falcon Ridge
Bluewell
W.O. Lawson
Holly Hills Mobile Home Park
Willowbrook Road
Belcher Lane
R.E. Haynes
Melvin G. Williams
Coopers
Richlands
R.D. McGlothlin
Tackett
Frank Lee Price
Price
Tazewell County
Virginia Metal
Clinch Street
Front St
Brown Avenue
George W. McCall
National Market
Virginia Ave
WA Lata
Levi's
SEARS