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Bluefield Daily Telegraph in Bluefield, West Virginia

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This newspaper page contains 2 articles. Subscribers can read the full text of each article.

Newspaper

Bluefield Daily Telegraph

Location

Bluefield, West Virginia, United States of America

Date

Dec 28, 2000

Page

6

Stocks surge as Dow and Nasdaq rally on mixed tech gains

Investors pushed blue chips higher for a third straight session with the Dow up 1 percent to 10,803.16 and the Nasdaq gaining 1.8 percent to 2,539.35. Tech names rebounded selectively while bellwethers Microsoft and IBM eased. Pfizer and Johnson & Johnson led pharmaceutical gains amid broader risk-off sentiment.

Jones Dow Industrials Dow Transportation Dow Utilities Beesee S&p Russell Wilshire AberFite Blondt TNPC Bigcrad XeTelCp Owensill Congolm YankColl Datalink ConcCm Scudna Decorati VascSol Finova Pf Ricards Conse Pfv CPI Aero AMCOL Yhoon Airt Inc Lucent NetwirAsc At&t WindCom NortelNw GreyWolf Cisco S AmOnine Dul Diam JDS Unis Motorolas Pennaco GenElecs Fauspr DellCptr Microsft SP Tech Texinsts Compaq Intels Xerox Avanir Sun Micro Oracles Emcs Nabors Amccs New York Wall Street Charles Pradilla SG Cowen Securities Standard & Poor Ciena JDS Microsoft IBM Mark Minervini Quantech

Steel imports deepen crisis in U S steel industry

The article reports persistent pain from cheap foreign steel, with imports nearing 1998 levels and U S producers facing fading demand as buyers run down inventories. Bethlehem Steel's Duane Dunham warns the market is not soft landing but a run way crash, while firms like Wheeling-Pittsburgh, J L Structural Steel, and LTV Steel face bankruptcy, plant idling, and asset sales as U S Steel acquires distressed facilities to avoid larger losses.

U.S White House Congress Bethlehem Steel Duane R. Dunham U.S. Senate Steel Caucus Wheeling-Pittsburgh Steel J&l Structural Steel Aliquippa, Pa LTV Steel Cleveland Aliquippa Indiana U.S. Steel LTV

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