Dow Jones closes at highest since March as inflation news fuels rally
Dow climbs 31.71 to 3814.83 on steady gains led by cyclical stocks. NYSE volume near 288 million, Nasdaq up 4.28, S&P 500 up 3.27, AMEX up 1.46 as bond market rallies on inflation data easing fears. Labor Dept CPI shows May rise 0.2 percent with gasoline drops offset by food costs.
MENTIONED IN THIS ARTICLE
Ron Campbell
AM. Family Corp
Ameritech
At&t Corp
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-Cola CO
Columbia Gas Sys
Columbia Healthcare
CON
Nat'l Gas
Corning Inc
Crestar Financial
DOW Chemical
Eastern Ent
Eastman Kodak Gras
SOS
Ethyl Corp
Exxon Corp
First Union Corp
TET Virgina Barer Son
BS Tenved
Flowers Industries
FMC Corp
Food Lion Inc
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 & CO. Inc
Mobil Corp
Monsanto CO
Mylan Labs
Nash Finch CO
Occidental Pete
ONE Valley Bank
Pacific Telesis
J.C. Penney CO
Pennzoil CO
Pepsico Inc
Phila. Electric
Philip Morris Cos
Phillips Petroleum
Pittston Minerals
Ston Services
Potomac Elec
PWR
Praxair, Inc
Premier Bankshares
Pulask Furniture
Reebok Int'l
Reynolds Metals
Rite Aid Corp
RJR Nabisco Hldg
Rockwell Int'l
Sara Lee Corp
Sears Roebuck
Sherwin Williams
Shoney's Inc
Signet Banking
Southern CO
Tenneco Inc
Texaco Inc
Union Carbide
HON Pacific
Unisys Corp
Universal Corp
USAIR
USX Marathon Oil
USX
U.S. Steel
Wal-Mart
Walt Disney CO
Wendy's Int'l
Westinghouse EL
Westmoreland Coal
New York
Wall Street
New York Stock Exchange
Standard & Poor
American Stock Exchange
Treasury
Labor Department
Bentsen
North Carolina
Federal Reserve
Federal Funds
Fed
Inflation Contained as Prices Rise Modestly May
May CPI edged up 0.2 percent led by lower energy and cheaper airline tickets. Retail sales fell 0.2 percent in May after a 1.1 percent drop in April, marking back to back declines. Economists say slowed spending helps curb inflation and may keep Fed on hold through summer.
MENTIONED IN THIS ARTICLE
Washington
Clinton
Federal Reserve
Labor Department
Commerce Department
Allen Sinai
Lehman Brothers
New York
Treasury
Lloyd Bentsen
Sinai
Fed
Martin Regalia
U.S. Chamber of Commerce
Man who found money on road gets suspended term
ANBURY North Carolina AP Ridgeway a Virginia man who found cash along a road kept 18400 faced a suspended sentence and two years probation A Stokes County judge fined Harley Griffith 500 and ordered court costs He was convicted on a misdemeanor obstruction charge after being charged with felony larceny Police traced the money to Griffith and a tip led to the capture the primary recovery involved 21100 insurance settlement and a later note and 200 finally.
MENTIONED IN THIS ARTICLE
Anbury
N.C
Ridgeway
North Carolina
Stokes County Superior
Harley Griffith
Griffith
John Johnson
Stokes County
Southwest Virginia SBDC names new center director
James B. Boyd, a Raven native with Virginia Tech credentials, has been appointed director of the Small Business Development Center serving Buchanan, Dickenson, Russell and Tazewell counties. He will be based at the Southwest area community college campus. The Mercer County Technical Education Center will host job training seminars June 15 to 23 from 8 am to noon with tips on interview skills, resumes, and program offerings. John M. Panza of the West Virginia Division of Rehabilitation Services will retire at end of July after more than 40 years of service. Erica Perkins announces four Bluefield Wellness Center instructors passed the AFAA exam and certification goals for ACE or AFAA.
MENTIONED IN THIS ARTICLE
James B. Boyd
Southwest Virginia
Buchanan
Dickenson
Russell
Tazewell
Southwestais Community College
Boyd
Raven
Virginia Tech
Virginian Metal Products Co
Richlands
Mercer County Technical Education Center
MCTEC
Linda Cox
West Virginia State Board of Rehabilitation
Michael D. Greer
John M. Panza
West Virginia
John
Erica Perkins
Bluefield Regional Wellness Center
Jill Collins
Brenda Duty
Suzanne Meador
Dreama Mitchell
Deee
Aerobics and Fitness Association of America
AFAA
Perkins
American Council On Exercise
ACE
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Dow Jones
U.S
Consumer Price Index
Bos
of Labor
Small Business
SBDC
Panza
Bluefield Region