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Newspaper
Bluefield Daily Telegraph
Location
Bluefield, West Virginia, United States of America
Date
Jun 30, 2000
Page
5
Closing prices and quotations are provided by Ron Campbell Investment Planning and Raymond James Financial Services for June 29 2000. Contact information and broker affiliations are listed for NASD and SIPC compliance.
The Commerce Department reports 5.5 percent annual GDP growth for the January-March quarter, the fastest pace since late 1994 energy prices drive the inflation rise to 3.5 percent. Wall Street drops on rate fears while economists debate scope of tightening. New homes sales slide, unemployment claims rise, Fed holds rates but keeps options open for August action.
New York AP reports stocks dropped on Thursday as rising rates threaten corporate earnings and Fed action in August. The Dow fell 129.75 to 10,398.04, S&P 500 slipped 12.37 to 1,442.45, and Nasdaq declined 62.71 to 3,877.63 amid earnings warnings from Unisys and Goodyear.
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