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Newspaper
Bluefield Daily Telegraph
Location
Bluefield, West Virginia, United States of America
Date
Jun 02, 2004
Page
6
The Market in Review provides a snapshot of U.S. stock activity with notes on dividends splits rights and issuance terms. It highlights factors like 52 week changes weak performance and fractions of shares traded while disclaimers note unofficial AP sourcing and potential trading halts.
A late day rally on Wall Street offset fears after Saudi oil workers were attacked, pushing oil to a record and stoking inflation concerns. Strong construction spending and manufacturing data limited rate fears, with the Dow at 10,202.65, S&P 500 at 1,121.24, and Nasdaq at 1,990.77 amid cautious trading ahead of payroll data.
Washington AP report says a fear premium is pushing gasoline above 2 per gallon as worry of disrupted oil supplies grows after al Qaida linked attacks on Saudi oil sites. Economists estimate fear adds 10 to 15 dollars per barrel, with Saudi Arabia’s role as a key spare-capacity producer amplifying market anxiety.
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