Stock market ends higher as dollar dips and bonds shift
The New York stock market closed broadly higher on Monday as traders eased fears about the dollar’s decline, with falling commodity prices and a bond-market reversal aiding gains. The Dow rose 48.56 to 3,685.50 amid a mixed overseas backdrop and circuit breakers at the close.
MENTIONED IN THIS ARTICLE
New York
Knight Ridder Commodity Research Bureau
Federal Reserve
United States
Tokyo
London
Financial Times-Stock Exchange
Frankfurt
Paris
NYSE
New York Stock Exchange
Dollar dips below 100 yen as yen strengthens
The dollar closed at 99.93 yen in Tokyo marking its first finish below 100 yen since the late 1940s, sparking calls in Japan for stronger central bank action. The Tokyo stock exchange fell 2.24 percent as exporters face higher costs abroad and overseas markets slip amid currency turmoil. Hong Kong and European trading followed with falls and shifting dollar value against the yen.
MENTIONED IN THIS ARTICLE
Tokyo
Japan
Tokyo Stock Exchange
Hong Kong
U.S
Europe
London
United States
Administration and Fed Stare at Dwindling Dollar Options
Washington faces a shrinking set of policy choices to bolster the dollar as the U S economy slows. The Fed could lift rates further, risking recession, while coordinated currency interventions have so far failed to halt the slide. Traders see the dollar off nearly 9 percent versus the mark and over 10 percent versus the yen since the year began.
MENTIONED IN THIS ARTICLE
Fed
Washington
Clinton
Federal Reserve
U.S
United States
Germany
Japan
Rising mortgage rates slow existing home sales in May
May existing home sales eased to a 4.09 million annual pace from 4.12 million, with a 12.4 percent drop in the West offset by gains in the Northeast and South. Median price rose to 109,900 while mortgage rates climbed to 8.6 percent, the highest since 1992.
MENTIONED IN THIS ARTICLE
Washington
Robert H. Elrod
National Association of Realtors
Northeast
Midwest
John A. Tuccillo
Federal Home Loan Mortgage Corp
Elrod
South
Coal production falls 2.8 percent week to week
U S Department of Energy notes total domestic coal output reached 19.3 million tons for the week ending June 18, down from 19.8 million the prior week. Wyoming led with 3.9 million tons, followed by Kentucky 2.9 million and West Virginia 2.7 million. Year to date production stands at 486 million tons, 6.5 percent above last year.
MENTIONED IN THIS ARTICLE
Charleston
U.S. Department of Energy
U.S
Department
Energy Information Administration
Wyoming
Kentucky
West Virginia
West Virginia business briefs announce dividends and startup aid
FCFT Inc reports second quarter dividend of 22.5 cents per share with June 24 record date and June 30 payout, plus 1994 first quarter earnings of 3.1 million and ROE of 18.97 percent. Burke-Parsons Bowlby declares 3.5 cent dividend payable August 12 to July 15 record. Concord SBDC and WV Development Office release Going into Business in West Virginia manual and startup guidance. Premier Bankshares declares 12 cent quarterly dividend payable August 1 to July 15 record.
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
ZAM Chevron Corp
Chrysler Corp
Chubb Corp
Citizens Utilities
Coca-Cola CO
Columbia Gas Sys
Columbia Healthcare
CON. Nat's Gas
Corning Inc
Crestar Financial
CSX Corp
Detroit Edison
Dominion Res
DOW Chemical
Dupont
Eastern Ent
Eastman Kodak
Emerson Electric
Ethyl Corp
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
BM Corp
Ingersoll-Rand
JOY Technologies
K-Mart Corp
Kroger CO
Lowe's CO
Merck & CO. Inc
Mobil Corp
Monsanto CO
Navistar Int'l
Norfolk Southern
Occidental Pete
ONE Valley Bank
Pacific Telesis
J.C. Penney CO
Pennzoil CO
Pepsico Inc
Phila. Electric
Pittston Services
Potomac Elec
PWR
Praxair, Inc
Bankshares
Pulaski Furniture
Reebok Int'l
Reynolds Metals
Rite Aid Corp
RJR Nabisco Hi.dg
Rockwell Int'l
Sara Lee Corp
Sears Roebuck
Sherwin Williams
Shoney's Inc
Signet Banking
Southern CO
Tenneco Inc
Texaco Inc
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
Westinghouse EL
Westmoreland Coal
Westwaco Corp
Xerox Corp
DOW Jones
Princeton
West Virginia
Board of Library Directors
Kelly Davis
Fcft, Inc
FCYT
Merter County
Burke-Parsons Bowlby Corp
Burke-Parsons Bowlby Corporation
West
West Virginia Development Office
SBDC
West Virginia Bankers Association
Concord
Athens
Premier Bankshares Corp
Premier Bankshares Corporation
Also Mentioned on This Page
Mazda
Matsushita
Peach Tree City
Toyota
Georgetown
Chrysler-Mitsubishi
Subaru
Columbus, Ga
Icro
Mit
Eramii
Bluefield VA
Ada
Virginia Revolving Loan Fund
Bluefield
Rogers Street
William Loone
Sanitary Board of
Planning Commission
Council Chambers
John Slates
Roscoe Street
Poe Street
Graham
Charles Carlton
Wayne Street
Cleco Corporation
Rosedale
Virginia
May
Realtors
First Community Bank, Inc
The
Flat Top National Bank of Bluefield
Peoples Bank of Bluewell
First Federal Savings Bank
FCFT
Concord Sbdc
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