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Newspaper
Bluefield Daily Telegraph
Location
Bluefield, West Virginia, United States of America
Date
Jan 04, 2000
Page
5
A Money section brief notes closing prices and quotations provided by Ron Campbell Investment Planning and Raymond James Financial Services. Contact details and firm affiliations are listed for reader inquiries and verification.
December’s ISM nonmanufacturing index shows industrial activity up for the 11th straight month but at a slower pace, fueling inflation worries. Analysts expect possible Fed rate hikes as price pressures persist, with 18 of 20 sectors reporting higher costs and oil-related price increases seen as spreading. The Feb. 1 Fed meeting looms as markets react to bond yields near 6.60 percent on the 30-year Treasury.
The first trading day of 2000 saw soaring bond yields pressuring stocks while tech shares led gains. The S&P 500 fell, the Nasdaq Composite rose to a new closing record, and all three indices posted records as investors eyed tax implications and profit-taking after a year of double-digit gains.
SAN FRANCISCO AP The domain www year2000 com sold at auction for 10 million dollars a record if the sale closes. Peter de Jager and Cliff Kurtzman said the name can be put to better use in 2000, noting the bid era and public Y2K attention. Consumers favor continuing Beanie Babies production Ty Inc announced after a Web site poll that 91 percent supported ongoing Beanie Babies sales. CHICAGO AP Ty polls show strong demand for continued Beanie Babies despite retirement talks.
Importers argue a U S Customs proposal to require trademark information on shipping invoices will add paperwork and delay shipments without stopping counterfeit goods. The plan under the AntiCounterfeiting Consumer Protection Act of 1996 prompts more than 40 public comments, with critics citing inventory control burdens for multi component products.
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