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Newspaper
Bluefield Daily Telegraph
Location
Bluefield, West Virginia, United States of America
Date
Jun 23, 2000
Page
5
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Local gas stations report few thefts despite nationwide price hikes. Managers cite security cameras and quick response. most incidents are small, ranging from five to eleven dollars. Officers note occasional misdemeanor petty larceny, with no clear spike yet. Community members expect more reports as media coverage grows.
Washington AP report shows new unemployment claims rose to 302000 for the week ending June 17, with the four week moving average up to 300500 the highest in nearly a year. Economists see the uptick as potential cooling of payroll growth and a looser labor market. Federal Reserve policy and stock market reaction are noted as rates may change.
Tech shares pull the market lower as profit taking spreads beyond technology. The Dow fell 121.62 to 10,376.12 and the Nasdaq slid 127.11 to 3,936.90, with Micron, Nokia, Qualcomm, Intel, IBM and Yahoo among leaders of retreat amid earnings worries and an expected Fed rate decision.
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