Market in Review Summary of Dow Jones Figures
The Market in Review reports daily Dow Jones figures with opening, closing, high and low values. It notes a range around 16.50 to 16.01 with midpoints near 16.40 and 18.99, indicating mixed movement.
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Newspaper
Bluefield Daily Telegraph
Location
Bluefield, West Virginia, United States of America
Date
Jul 03, 2003
Page
8
The Market in Review reports daily Dow Jones figures with opening, closing, high and low values. It notes a range around 16.50 to 16.01 with midpoints near 16.40 and 18.99, indicating mixed movement.
Investors pushed stocks higher on a stronger than forecast May factory orders report. The Dow rose about 101 points while the Nasdaq and S&P 500 advanced as Starbucks posted surprising June sales, Merrill Lynch won a legal victory, and brokerage upgrades supported the gains.
BB&T Corp completes its acquisition of First Virginia Banks Inc in a $3.05 billion stock swap based on $35.01 close. The deal pushes BB&T assets beyond $91 billion and boosts Virginia deposit market share. First Virginia has $11.2 billion in assets and runs eight community banks with 363 branches across Virginia Maryland and Northwest Tennessee. Landmark Financial Services will operate as the renamed unit in the combined group.
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