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Newspaper
Bluefield Daily Telegraph
Location
Bluefield, West Virginia, United States of America
Date
Mar 01, 2000
Page
5
Closing prices and quotations provided by Ron Campbell Investment Planning and Raymond James Financial Services. Contact (304) 325-7334 for NASD SIPC member details.
Amy Domini founder of Domini Social Investments pushes for accountability in socially responsible funds. She argues managers vote on issues like environmental concerns without revealing how, leaving shareholders with a trusting but opaque system and calls for public disclosure of proxy votes.
The Conference Board reports February consumer confidence at 141.8, down from January’s 144.7 but still near historic highs from the late 1960s. Analysts note rising rates and gas prices temper optimism, yet spending remains robust and growth is expected to continue despite Fed rate hikes.
Nasdaq surged to a record close of 4696.69 with 2.08 billion shares traded as tech names led gains. The Dow rose 89.66 to 10128.31, extending a recovery from last week's selloff driven by higher interest rate fears. Strong chip and Internet equipment names climbed after Salomon Smith Barney and Chase H&Q issued optimistic notes. Xilinx jumped to 79 3/4 and LSI Logic to 64 1/4 following the upgrades.
Philip Morris senior vice president Steven Parrish said the company is willing to discuss government regulation of the tobacco industry, opposing labeling tobacco as a drug but open to discussing regulation of sales to youth, safer products research, and disclosure of ingredients. President Clinton welcomed the reported shift as a potential step forward.
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