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Newspaper
Bluefield Daily Telegraph
Location
Bluefield, West Virginia, United States of America
Date
May 03, 2000
Page
8
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The Conference Board reports the leading economic indicators index rose 0.1 percent in March after a February decline, with gains from consumer goods orders and stock prices, tempered by higher rates and weaker consumer expectations. New home sales jumped 4.5 percent to the strongest level in over a year, signaling continued expansion despite rate hikes.
In New York the Dow Jones dropped 80.66 to 10731.12 and the Nasdaq slid 172.61 to 3785.47 as investors took profits from a three day tech rally. AT&T lowered its 2000 earnings outlook, pressuring shares, while Broadcom and Qualcomm rose and traders awaited the Fed meeting on May 16 amid rate hike expectations.
Wells Fargo plans to install new machines at branches in San Francisco Los Angeles and Milpitas to transform ordinary cash dispensers into multimedia street corner information kiosks. The bank will not charge extra fees for ATM use and will instead monetize via ads.
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