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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 30, 2002

Page

14

New York Stock Exchange Update Cites Mixed Activity

Market summary from the New York Stock Exchange notes uneven trading with small gains and losses across major sectors. Investors monitor bonds and commodity moves as tech shares show modest strength while financials drift.

Dow tumbles on accounting fears amid Enron fallout

The Dow Jones slid 247.51 points to 9618.24 as investors questioned corporate accounting practices. Nasdaq fell 50.92 to 1892.99 and S&P 500 dropped 32.42 to 1100.64. Tyco plunged 19.9 percent after reports of payments to a director and charity adviser. GE declined 4.4 percent to 36.46 amid broader jitters.

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U S Steel posts bigger fourth quarter loss in 2001

U S Steel reported a $174 million fourth quarter loss or $1.95 a share versus $139 million or $1.57 a share a year earlier. Excluding one time costs the ongoing loss was $121 million or $1.36 a share. Analysts had expected about $1 a share. The company blamed weak shipments on an over supplied global market amid tariff talks. Shares fell to $19.22 on the NYSE.

Pittsburgh U.S. Steel Steel Company Thomson Financial First Call US. Steel

Also Mentioned on This Page

New York Stock Exchange Uaa ECSU Aga Phabet The Associated Press Lew Ck Grvidend Tcp PCS Tallahs Tallium Ny Hance Wall Street Journal Bill Barker RBC Daii Rauscher General Electric International Trade Commission U.S Bush Administration Weirton Steel Corp Nucor Corp Rouge Steel Edward Jones Denton Millsaps Elmer Street P.O. Box Princeton DeeDee Hancock Jefferson Street P.O Bluefield Holies Eom SIPC Greg Woodfill East Main Street Suite E Wytheville, VA
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