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Bluefield Daily Telegraph in Bluefield, West Virginia

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Newspaper

Bluefield Daily Telegraph

Location

Bluefield, West Virginia, United States of America

Date

Jun 04, 1999

Page

5

NYSE delays hours expansion until millennium end

New York Stock Exchange chairman Richard Grasso announced the delay of trading hours expansion until at least next year. He cited priorities on Year 2000 readiness and decimalization of price reporting, with a public confidence check before any morning or evening hours are added. The NASD meanwhile plans a possible late-day extension on Nasdaq.

New York New York Stock Exchange Richard Grasso Grasso National Association of Securities Dealers Frank Zarb NASD Securities and Exchange Commission SEC

Retail report spurs blue chip rebound

Blue chip stocks closed higher as strong May sales from Wal-Mart and Gap lifted sentiment. The Dow rose 85.80 to 10,663.69 while Nasdaq lagged, with traders weighing Federal Reserve inflation worries against modest factory orders decline of 1.2 percent.

Ron Campbell AFLAC Ameritech At&t Corp AM. Water Works Anheuser-Busch Apple Computer IND. Tech Ashland Coal Inc Ashland Oil Inc Atlantic Richfield Baker-Hughes Inc Baltimore Gas & EL Bankamerica Bell Atlantic Bethlehem Steel Bellsouth Corp Boeing CO CBS Corp Cabot Oil & Gas Carolina Powers Chevron Corp Chubb Corp Citizens Utilities Coca-Cola CO Columbia Gas Sys Columbia Healthcare CON Nat'l Gas Corning Inc Suntrust Banks CSX Corp CVS Corp Daimlerchrysler Age Detroit Edison Dominion Res DOW Chemical Dupont Eastern Ent Eastman Kodak Emerson Electric Ethyl Corp Exxon Corp First Union Corp Virginia Bank Flowers Industries FMC Corpus Industries Food Lion Inc Ford Motor CO GEN. Electric CO GEN. Motors Corp GTE Georgia Pacific Gillette Goodyear Tire Hercules Inc Humana Corp IBM Corp Ingersoll Rand Ntel Corporation K-Mart Corp Kroger CO Lowe's Cos Lucent Technologies McDonald's Corp Merck & CO. Inc Microsoft Corp Mobil Corp Monsanto CO Mylan Labs, Inc Nash Finch CO Navistar Int'l IKE, Inc Norfolk Southern Occidental Pete ONE Valley Bank J.C. Penney CO Ennzoil CO Epsico Inc Hila. Electric Philip Morris Cos Phillips Petroleum Pittston Brinks Pittston Burlington Pittston Minerals Potomac Elec PWR Praxair, Inc Pulaski Furniture Reebok Int'l REX Stores Corp Eynolds Metals Rite Aid Corp RJR Nabisco Hldg Rockwell Int'l Sara Lee Corp Sears Roebuck Sherwin Williams Shoney's Inc Southern CO Tenneco Inc Texaco Inc TRI Continental Union Carbide Union Pacific Unisys Corp Universal Corp Usair Group Usx-Marathon Oil USX U.S. Steel Wal-Mart Walt Disney CO Wendy's Nnt'l Westvaco Corp Williams Cos Valley Nat'l Gases Xerox Corp DOW Jones New York Wall Street Federal Reserve U.S National Association of Purchasing Managers

Factory orders fall 1.2 percent in April

Commerce data show April factory orders down 1.2 percent led by a slide in aircraft and transport goods, while transportation stripping would have risen 0.5 percent excluding that sector. Retailers report stronger May sales amid warm weather and shoppers buying clothing and patio items.

Washington Commerce Department U.S

Big retailers post strong May sales across chains

Americans boosted May retail figures at the nation’s biggest chains with warm weather and strong economy fueling demand for sundresses patio furniture and beach towels. Wal-Mart led gains with 7.7 percent same store growth and 14.3 percent overall sales as confidence remained high despite Wall Street volatility.

New York U.S Kurt Barnard Barnard Wall Street Jeffrey Feiner Lehman Brothers Inc Wal-Mart

Also Mentioned on This Page

Gap Inc Fed Department of Commerce Salvation Army Family Mercer Street Princeton Zoning Board OF Adjustment Kathleen Wooldridge Valley View Ave Memorial Ave Belvue St Shady Ave Kathy Kennedy Dearborn Ave Augusta Street College Ave Kell St Rogers Street Bluefield West Virginia Beverly G. Tresch Directv Pegasus Satellite Television Hollywood Cox Sam Jones Open Sky Enterprises Cox Satellite Total Choice Pegasus Directv, Inc Hughes Electronics Corporation
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