Technology stocks lead Wall Street lower on Friday
The Nasdaq fell 38.63 points to 1920.15, down 6.4 percent for the week, as tech shares slid despite ChevronTexaco and Procter & Gamble posting strong earnings. Dow and S P 500 also slipped while blue chips held steadier amid fears of higher interest rates.
MENTIONED IN THIS ARTICLE
New York
Wall Street
ChevronTexaco Corp
Procter & Gamble Co
Jim Russell
Fifth Third Asset Management
Cincinnati
Bob Dickey
RBC
Davi Rauscher
Minneapolis
Standard & Poor
Grand opening planned for Blue Lagoon Tanning & Consignment
Bluefield’s new Blue Lagoon Tanning & Consignment opens today from 10 a.m. to 3 p.m. at 1120 Bluefield Ave opposite Golden Oldies Cafe. Debbie Hood offers brand name clothing, two tanning beds, and walk in access with no booth wait. Kick's Country provides music. prizes include antique pepper grinder, free tanning session, and free lotion.
MENTIONED IN THIS ARTICLE
Luefield
R Blue Lagoon Tanning & Consignment
Bluefield Ave
Golden Oldies Cafe
Debbie Hood
Hood
Kick’s
Dennis Yena
Dyena
Bottonline.com
Consumer Spending Rises 0.4 Percent in March
Americans increased spending by 0.4 percent in March, with income rising 0.4 percent. The gain supports solid 4.2 percent GDP for the January-March quarter, though stocks fell on rate hike fears. durable goods up 0.4 while nondurables rise 0.8 and services 0.2.
MENTIONED IN THIS ARTICLE
United States
Money. Riggs Bank faces sanctions and resignations
Riggs Bank, under federal probe for anti money laundering violations linked to large cash transactions involving Saudi diplomats, retrenches abroad as the head of its parent company resigns from the board. Regulators may levy about 25 million dollars in civil fines, the largest such penalty for a financial institution, while scrutiny extends to Saudi transfers connected to the Sept. 11 era and requests from Sen. Grassley to review those dealings.
MENTIONED IN THIS ARTICLE
Treasury
Washington
Riggs Bank
FBI
Riggs
Washington Post
Senate Finance Committee
FleetBoston Financial Corp
Charles Grassley
Also Mentioned on This Page
the Market IN Review
Dow Jones
Chg
AMR
At&t
Weis
Accenture
AMD
Aetna
Agere
Albertsn
Alcoa
Amovill
AmExp
ArchDan
Dow Industrials
Avaya
Dow Transportation
Avon
Amex
BP PLC
BankOne
Russell
Barrick
Wilshire
Baxter
BellSouth
BestBuy
BestScis
BrMySq
Nyse Amex Naspaq
Calpine
Cendant
ChevrnTex
Citigrp
EndWve
McKesson
FiveStar
Coeur
Turkcell
Cheniere
D&e
DiverSec
ImpcoTech
Emersonr
TB Woods
GrwyFawt
Consecon
INCO
Ngsves
Corning
Molinah
Rivierat
TierTech
MinesMgth
Amedisy
Simclar
DeltaAir
HawkCorp
Directv
Disney
DuPont
Arhyth
AllosThera
DukeEgg
Conseco
Tellaston
Genta
StgdSci
Stonepath
Dynegy Terra
Hmec
DigitRec
Etrade
TerraNitro
BusnObj
EMC Cp
ImpliSoft
SafeNet
Emulex
TitanMtl
ExxonMbl
Fair Isaacs
Microsoft
Oracle
Fordm
GenElec
JDS Umiph
SunMicro
FredMac
Spfnet
Djia Diam
Siriuss
WheatRg
Foundry
KvaxCp
ApidMatr
Gap
GoldStrg
Gateway
Gillette
Goldman
GrafTech
Infineon
Ingrmm
Hewlettp NY
HomeDp
IngerRd NY
Intel Nasd
Kroger NY
Marathon NY
King Phrm
Microsoft Nasd
CocaCl NY
Mylans NY
Kroger Ye
Nasd
LSI Log
NorfikSo NY
Lehmer
Oracle Nastle
Delline
Lowes Cos
Lucent
Pfizer NY
MBNA
Praxair $ NY
US Steel NY
Medimic
GenElec NY
VerizonCm NY
Merck
GnMott NY
WalMart NY
Merrillyn
Mica Micront
Ee Hhoenias Wheelb
Pals MorgStan
Motorola
Stralia NtSerni
Newmtm
Britain
Canada
NokiaCo
Japan
Penney
Witzerind
PepsiCo Pfizer
U.S
RiteAid
SBC
Icaa Plv
American Funds
Wsha
Gwtha P
PIMCO
Spratfon
Fidelity Invest
MN American Funds
Incoa P MP
TXU Corp KV
TaiwSemi
Eupaca P
Qmcos
Vanguard Idx
Vanguard
Transoen
Fi Invest
Eqinc GroCo
US Steel
Bala P
Utdhithg S
Puritn
Ultra LG
WalMart
Lipper, Inc
Wamutl
Waake of
Cyan Ts Pce
WellsFigo
Ae Ve Weyerh
WmsCos
Ie WinDix
Mone Seo Wyeth
Xerox
Stock Exchange
Federal Reserve
Commerce Department
New
By Dennis Yena
Bluefield Daily Telegraph
Ken Mayland
ClearView Economics
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