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Newspaper
Bluefield Daily Telegraph
Location
Bluefield, West Virginia, United States of America
Date
Mar 10, 2001
Page
5
A brief item notes a per change dated March 9 2001 showing a value of 1.97 and a previous comparison amount of 10 644.62 per. The entry reads as a financial or pricing update with minimal context and no additional details.
Stocks fell sharply on Friday with the Dow losing 213.63 points and the Nasdaq dropping 115.95 as Intel warned of lower first quarter sales and cut 5,000 jobs. Cisco joined the tech pullback, cutting up to 3,000 jobs while others like AMD and Microsoft also fell. The market faced stubborn economic data with a stronger February jobs report, raising debate over future Fed rate cuts.
The February unemployment rate stayed at 4.2 percent as 135,000 payrolls were added, led by services and health care while manufacturing fell by 94,000. Analysts saw no recession, but continued economic weakness amid calls for Bush tax plan passage. The Dow dropped 213.63 points on mixed signals.
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