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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

Jan 07, 2004

Page

6

Wall Street Holds Most of Holiday Gains

Wall Street paused in quiet trading as investors booked profits from the New Year rally and eyed new catalysts. The Dow fell 5.41 to 10,538.66 while the Nasdaq rose 10.01 to 2057.37 and the S&P 500 gained 1.45 to 1123.67, with tech leading gains and analysts noting a still upward bias. Investors await job data, retail sales, and upcoming earnings guidance as the market digs for catalysts.

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Local MJ Electric plant closes 167 jobs lost

MJ Electric, a Mercer County electric motor maker, shut down Tuesday under Chapter 11. Trustee H Lynden Graham Jr. said employees were sent home after the bank deterred a cash collateral deal. The firm filed Nov 24, 2003. Graham was appointed Dec 19, 2003.

Princeton Mercer Bluefield Chamber of Commerce Janet Bailey Economic Development Authority of Mercer County Bill Archer Barcher Bdtonline

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