Market Report Snapshot and Odd Lot Figures
A brief market update shows the market in revision up 8.94 with a negative 0.20, while overtime figures reach 6.14 with a 0.02 gain and 5.05 rising 0.20 at.
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Newspaper
Bluefield Daily Telegraph
Location
Bluefield, West Virginia, United States of America
Date
Jul 08, 2004
Page
6
A brief market update shows the market in revision up 8.94 with a negative 0.20, while overtime figures reach 6.14 with a 0.02 gain and 5.05 rising 0.20 at.
New York stocks rose modestly on bargain hunting after a three day decline as investors awaited second quarter results from Yahoo and Alcoa. Analysts cited cautious buying with light volume and a nervous market awaiting stronger earnings while oil prices fell offering a small relief. Major indexes ended mixed with the Dow up about 0.2 percent to 10240.29, the S&P 500 gaining 0.2 percent, and the Nasdaq up 0.1 percent as tech worries lingered.
The West Virginia Infrastructure and Jobs Development Council will fund nine water and sewer projects statewide, including a $1.49 million loan to Bluefield for wastewater upgrades and an $88,000 grant for Mercer County's Oakvale Road project aiding about 28 new customers. Additional support comes from the Army Corps of Engineers and local contributions.
About 250 CSX railroad workers could lose positions as eight short line operators are invited to bid on buying or leasing two large routes in West Virginia and western Maryland. The 182 mile east west route from New Martinsville area to Cumberland Md and a 116 mile north south line between Grafton and Cowen are offered with about 535 total miles to be sold or leased. Bids due by July 20 could force relocations or seniority cuts for CSX employees.
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