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Newspaper
Bluefield Daily Telegraph
Location
Bluefield, West Virginia, United States of America
Date
Jun 22, 2000
Page
7
Closing price quotations for the day are provided by Ron Campbell Investment Planning and Raymond James Financial Services. Contact (304) 325-7334 for NASD SIPC member details.
United Airlines and US Airways executives faced tough questions as they defended a 4.3 billion merger bid before the Senate Commerce Committee. They argued the deal would create immediate competition with 93 new routes, while critics cited concerns about stifled competition, higher fares, and fewer choices for smaller communities. Senator McCain pressed US Airways’ Stephen Wolf on a 1999 letter about service targeting, warning of ongoing threats to free market competition.
In a shifting economy with volatile markets and wavering candidate views, mood shifts can mislead investors. A downgrade may drop a stock price sharply while an upgrade boosts it sparingly, reflecting psychological swings rather than changing fundamentals.
Microsoft helped lift the Dow Jones and Nasdaq on Wednesday after a federal judge delayed enforcing business restraints tied to the antitrust ruling. Nasdaq rose 50.93 to 4064.29, Dow gained 62.58 to 10497.74, S&P 500 up 3.22 to 1479.17. Microsoft climbed to 80,688 amid the delayed sanctions while Oracle posted a quarterly beat. Handspring debuted on Nasdaq at 20, rose to 26.75.
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