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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 20, 2006

Page

6

Stocks slide on weak housing data and rate fears

Wall Street pulled back as investors awaited the Federal Reserve rate decision next week. Weak housing data and declines in oil and metals weighed on the market while a Nokia Siemens venture offered brief support. Dow fell 72.44 to 10,942.11. S&P 500 and Nasdaq also declined. Bond yields edged up signaling slower economy expectations.

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Circuit City posts 6.4 million first quarter profit

Circuit City Stores Inc reports a 6.4 million profit for the first quarter, beating analyst estimates. Net income from continuing operations was 5 million, or 3 cents a share, on 2.62 billion in sales. The results reflect 18 percent sales growth and a 15 percent rise in same-store sales as stores push conversions and stock-based compensation benefits.

Richmond Thomson Financial Circuit City New York Stock Exchange Philip J. Schoonover

Also Mentioned on This Page

Daiy Dow Jones Dow Jones —— Industrials Treasury Dennis Thompson Rick Allen Mercer St Princeton Insurancestoreww Bastenal Wytheville Bluefield Vik Eget Houge LENOX Big Laurel Donnie Turner Jefferson Street Sat 2.Com Tazewell County Mountain Kids, Inc Brandon Buskill D.D.S Richlands Elementary Tazewell Tazewell Center Tazewell County Fair Abbs Valley Elementary
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