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Newspaper
Bluefield Daily Telegraph
Location
Bluefield, West Virginia, United States of America
Date
Jul 08, 2000
Page
5
Closing prices quotations provided by Ron Campbell Investment Planning and Raymond James Financial Services. Contact (304) 325-7334. Member NASD SIPC.
A Hewitt Associates study shows 68 percent of job-changers cashed out 401(k) funds last year rather than rolling to new plans or IRAs. Younger workers show higher lump sum cashouts, risking taxes and penalties and hindering retirement savings.
June job data show private employers adding 206000 positions while government payrolls rose modestly. The unemployment rate eased to 4.0 percent from 4.1 percent as census staffing waned, reflecting slower overall growth and Fed rate expectations.
New York AP reporting on Friday show stocks climbing as data hint the economy may slow enough to avoid further rate increases. Dow up 154.51 to 10635.98, Nasdaq +62.63 to 4023.20, S&P 500 +22.23 to 1478.90. Week gains also widen. banks like Chase Manhattan and BankAmerica rise on improving rate outlook.
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