Dow Jones Industrial Average Snapshot
A fragment notes the Dow Jones industrials at 9,823.41 with a price change from the previous reading. The brief hints at market movement without full context or accompanying metrics.
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Newspaper
Bluefield Daily Telegraph
Location
Bluefield, West Virginia, United States of America
Date
Mar 17, 2001
Page
5
A fragment notes the Dow Jones industrials at 9,823.41 with a price change from the previous reading. The brief hints at market movement without full context or accompanying metrics.
Washington economists say February signals point to bold rate reductions by the Federal Reserve next Tuesday. Wholesale prices barely rose, factory output fell 0.6 percent, and energy prices masked underlying inflation, suggesting room to cut rates to revive a sagging economy and bolster manufacturing.
Blue chip stocks dropped amid profit worries at major tech firms and a weak factory report. The Dow fell 207.87 to 9,823.41, the Nasdaq slid 49.80 to 1,890.91, and the S&P 500 declined 23.03 to 1,150.53 as techs weighed on sentiment with Compaq cutting jobs and forecasts.
The Justice Department will not challenge American Airlines acquisition of TWA, allowing the deal to proceed after considering TWA's bankruptcy. American would pay 742 million for most assets including up to 190 planes and the St. Louis hub, plus 82 million for a 49 percent stake in DC Air. The closing timetable targets early April.
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