Why We Go Nuts for New Money
The piece notes Americans’ fondness for new currency designs and the habit of keeping newer notes while spending older ones. It cites the Bureau of Engraving and Printing and deputy director Tom Harris explaining preferential handling of new twenties and general public interest in redesigned bills issued over the last four years.
MENTIONED IN THIS ARTICLE
South Carolina
Bureau of Engraving and Printing
Tom Harris
Bureau
Andrew Jackson
Wholesale prices show no change in May
The Labor Department reports the Producer Price Index was flat, as lower energy and food costs offset higher car prices and a record jump in books. The core PPI rose 0.2 percent, while analysts split on implications for future inflation and Fed rate moves.
MENTIONED IN THIS ARTICLE
Washington
Labor Department
Donald Ratajczak
Georgia State University
Paul Kasriel
Northern Trust Co
Merrill Lynch
Stan Shipley
Federal Reserve
Fed
Wall Street
PPI
Bryan Piskorowski
Prudential Securities
Stocks Mixed After Quiet Session On Inflation Data
U S stock mood was mixed as a tame Producer Price Index report failed to calm fears of further Fed rate hikes. Tech led small gains while the Dow fell 54.66 to 10,614.06, U S Labor said. Nasdaq rose 49.38 to 3,874.94, forming a weak weekly uptick.
MENTIONED IN THIS ARTICLE
RON Campbell Investment Planning
Raymond James Financial Services
NASD
SIPC
Abbott Labs
Allegheny Electric
AFLAC
SBC Communications
At&t Corp
AM. Water Works
Anheuser-Busch
Apple Computer
IND. Tech
Ashland Coal Inc
Ashland Oil Inc
Baker-Hughes Inc
Baltimore Gas & EL
Bankamerica
Bell Atlantic
Bellsouth Corp
Bethlehem Steel
Boeing CO
Cabot Oil & Gas
Carolina Power
Chevron Corp
Chubb Corp
Citizens Utilities
Coca-Cola CO
Columbia Gas Sys
Corning
Suntrust
CSX Corp
CVS Corp
Daimlerchrysler AG
Detroit Edison
Dominion Res
DOW Chemical
Dupont
Eastman Kodak
Emerson Electric
Ethyl Corp
Exxon Mobil
First Union Corp
1ST
Virginia Bank
Flowers Industries
FMC Corp
Delhaize
Ford Motor CO
GEN. Electric CO
GEN. Motors Corp
GTE
Georgia Pacific
Gillette
GLAXO
Goodyear Tire
Hercules Inc
Humana Corp
IBM Corp
Ingersoll-Rand
Intel Corporation
Lucent Tech
McDonald's Corp
Merck & CO. Inc
Microsoft Corp
UPS
Mylan Labs, Inc
Nash Finch CO
Navistar Int'l
Nike, Inc
Norfolk Southern
Occidental Pete
ONE Valley Bank
J.C. Penney,co
Pennzoil CO
Pepsico Inc
Phila. Electric
Philip Morris Cos
Phillips Petroleum
Pittston Brinks
Potomac Elec
PWR
Praxair, Inc
Reebok Int'l
REX Stores Corp
Rite Aid Corp
RJ Reynolds
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 Int'l
Westvaco Corp
Williams Companies
Valley Natural Gas
XEROX
DOW Jones Industrial
New York
Federal Reserve
U.S
Fed
Phil Foreman
Evergreen Investment Management
Boston
Dow
Tech stocks and the case for balanced portfolios
The piece argues against overloading portfolios with technology as the sector grows to nearly a third of U.S. market capitalization. It notes tech’s rapid rise since 1995 and warns of high volatility with single-day swings of 10 to 30 percent, urging diversification and benchmark guidance from funds like the Vanguard Total Stock Market Fund.
MENTIONED IN THIS ARTICLE
Vanguard Total
U.S
Also Mentioned on This Page
Oy J. Freedom DU Lac
Sacramento Bee
Ove
R. Bureau of Labor Statist
Ysts
Frank A. Jones
Scripps
Howard News Service
Fancy Free
Ricky Morton
National Guard Armory
Bluefield
Mark Hrutkay
Wilson & Hrutkay Law Offices
Logan, WV
Abingdon
Biodermix.com
Lebanon Medical Group
Visa & Mastercard
Weamar
Labor
Abbey Carpets
Mercer Mall
Sun
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