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Newspaper
Bluefield Daily Telegraph
Location
Bluefield, West Virginia, United States of America
Date
Jul 17, 2002
Page
18
A dense OCR listing shows numerous mutual fund names, ticker fragments, and price moves across U S funds. It reads like a snapshot of fund balances and daily changes across many managers including Fidelity, Vanguard, PIMCO, BlackRock, T. Rowe Price, and others with varied gains and losses, seeking to reflect overall market sentiment and asset allocation shifts.
Fed chair Alan Greenspan told Congress that the U S economy is positioned for healthy growth but ongoing corporate accounting scandals threaten to curb momentum. He cited stock-market declines and potential reductions in consumer spending and business investment as risks, while noting rates remain at record lows to support growth. The Dow fell 166 points to 8473.11 in a seventh straight losing session.
Washington AP News: The Federal Reserve says production in factories mines and utilities rose 0.8 percent in June, the largest monthly gain since October 1999. Greenspan called the rise a fairly significant increase as manufacturing activity gains momentum with gains in autos, electronics, and office equipment and declines in appliances, furniture and carpeting.
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