Stocks Close Mixed Ahead of May Jobs Data
Stocks closed mixed as traders paused before Friday’s May employment report. The Dow fell to 3,758.99 as retail shares sagged after May sales figures. bonds recovered amid cooler inflation signals. Advances outpaced declines on the NYSE 1,297 to 870 with 661 unchanged. volume 271.11 million.
Leading indicators unchanged in April signaling slower growth
The Index of Leading Economic Indicators held at 101.2 in April, with orders to U.S. factories down 0.1 percent and May clothing sales slipping. First-time unemployment claims fell 4,000 for a third straight weekly drop, while the four week average rose to its highest in over three months. Economists describe it as a pause rather than recession risk amid Fed rate hikes.
MENTIONED IN THIS ARTICLE
Commerce Department
Labor Department
U.S
de Jones
New York Stock Exchange
Washington
Commerce Department al
Sion
Paul Kasrel
Northern Trust Co
Chicago
Federal Reserve
Fed
Robert Barr
U.S. Chamber of Commerce
Treasuries seen as rare buying window over CDs
Bluefield investors are advised to act on a rare opportunity as yields on one to seven year Treasuries now exceed average CD rates. Alfred Garrett of A.G. Edwards notes Treasuries offer higher after tax yields, liquidity, and safety, with tax advantages over CDs.
MENTIONED IN THIS ARTICLE
Bluefield
Treasury Securities
Alfred Garrett
A.G. Edwards & Sons
Garrett
Treasuries
Treasury
U.S
A.G. Edwards
Bondline
A.G. Edwards & Sons, Inc
States
District of Columbia
New York
Also Mentioned on This Page
Ron Campbell
Family Corp
Ameritech
At&t
Anheuser-Busch
Apple Computer
Ashland Coal Inc
Ashland Oil Inc
Atlantic Richfield
Baker-Hughes Inc
Baltimore Gas & EL
Bearings Inc
Bell Atlantic
Bellsouth Corp
Bethlehem Steel
Boeing CO
Cabot Oil & Gas
Carolina Power
Chevron Corp
Chrysler Corp
Chubb Corp
Citizens Utilities
Coca, CO
Columbia Gas Sys
Columbia Healthcare
CON
Nat'l Gas
Corning Inc
Crestar Financial
CSX Corp
Emerson Electric
Ethyl Corp
EXXON
First Union Corp
Sivan Asa Sinal
Ford Motor CO
GEN. Electric CO
GEN. Motors Corp
GTE Corp
Georgia Pacific
Gillette CO
Glaxo Holdings
Goodyear Tire
Hercules Inc
Humana Corp
IBM Corp
Ingersoll-Rand
JOY Technologies
K-Mart Corp
Kroger CO
Lowe's CO
Mapco Inc
McDonald's Corp
MCI Communications
MERCK
Mobil Corp
MYLAN
Nash Finch CO
INTL
Navistar Norfolk
Occidental Pete
ONE Valley Bank
Pacific TE
J.C. Penney CO
Pennzoil CO
Pepsico Inc
Phila. Electric
Philip Morris
Phillips Petroleum
Ttston Mine
Pittston Services
Potomac Elec
PWR
Praxair, Inc
Premier Bankshares
Pulaski Furniture
Reebok Int'l
Reynolds Metals
Rite Aid Corp
RJR Nabisco Blog
Rockwell Int'l
Sara Lee Corp
Sears Roebuck
Sherwin Williams
Shoney’s Inc
Signet Banking
Southern CO Tenneco Inc
Texaco Inc
Union Carbide
Union Pacific
Unisys Corp
Universal Corp
Usair Group
X-Mara OR
USX
U.S. Steel
Wal-Mart
Walt Disney
Wendy's Int's
Westinghouse EL
Westmoreland Coal
Westwaco Corp
Xerox Corp
DOW Jones
Dow
HBO
Scott Barker
Turner Vision
Cindy Sheets
Cinemax
Wimbledon
England
Mandy Bowles
Tonya McMillan
Amy Martin
Ruby Short
Michelle Riffe
Airport Square
Byrd Institute
Marshall University
Robert C. Byrd Institute
Ashland
James A. Anderson
Milton
Richard H. Martin
Anderson
University of Kentucky
Institute
Armco Steel
Martin
University of Mississippi
Adel Fasteners
Odea
Yackor
Appalachian Tire
Princeton Ave
Sherrill
Crum
Saar Met
Henry Link
Lane “Big Sky
Bakers Rack
Hekman Ball & Claw Desk
Drexel Green
TSCM
Case Am
Miley
Henkel Harris
Bland Street
Kyle
Capital OF the
West Virginia
Chippendale
Big Man
Intercoil Springs
Kroger
Bluefield Plaza
Cumberland Road