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Newspaper
Bluefield Daily Telegraph
Location
Bluefield, West Virginia, United States of America
Date
Mar 30, 2011
Page
6
Local market pages show minor gains with several prominent listings moving higher as investors monitor daily swings. Data reflects modest activity across sectors, with a few early movers shaping the session's tone.
Stocks finished broadly higher on Tuesday with all ten S&P 500 groups up at least 0.3 percent. The S&P 500 gained 9.25 points to 1,319.44 while the Dow added 81.13 points to 12,279.01 and the Nasdaq climbed 26.21 to 2,756.89. Gas price increases pressured confidence though the Conference Board index fell less than feared, and Home Depot surged 2.9 percent after saying it would buy back $1 billion in stock.
The Conference Board’s Consumer Confidence Index fell to 63.4 in March from 72.0 in February, the steepest drop since 2010. Rising gas and food prices, along with Japan’s disaster, weigh on outlook as economists warn about weaker spending and a slow rebound.
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