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Newspaper
Bluefield Daily Telegraph
Location
Bluefield, West Virginia, United States of America
Date
Jul 14, 2000
Page
5
Ron Campbell of Vestment Planning and Raymond James Financial Services provides closing price quotations. Public market data include NASCISIPC listings.
U S Labor Department data show 319000 new unemployment claims for the week ending July 8, an unexpected 27000 increase. Analysts point to auto industry layoffs and plant shutdowns in Arlington and Flint as factories gear up for new models, with the four week average at 305500.
Stocks closed higher as investors eyed strong second quarter earnings from technology and financial services. The Dow gained 5.30 to 10,788.71, the Nasdaq added 75.27 to 4,174.86, and the S&P 500 rose 2.92 to 1,495.84. Optimism followed stabilized fuel costs and expectations the Fed may pause rate hikes, with Ariba and Applied Micro Circuits among notable gainers on the session.
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