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Newspaper
Bluefield Daily Telegraph
Location
Bluefield, West Virginia, United States of America
Date
May 05, 2000
Page
5
Trading figures reflect closing prices and quotations provided by Ron Campbell Investment Planning and Raymond James Financial Services. Contact details and brokerage affiliations are listed for investor inquiries and market data verification.
A 1017 adult survey by ICR finds a majority expect personal finances to improve within a year. Fifty-one percent foresee better finances, 42 percent expect them to stay the same, and 4 percent fear a decline. Two-thirds report unchanged spending despite stock swings.
The Labor Department reports that U S productivity rose 2.4 percent at an annual rate in January through March 2000, down from 6.9 percent in late 1999 and below economists’ 3.5 percent forecast. Unit labor costs climbed 1.8 percent as inflation concerns grow.
New York AP notes mixed finish on Thursday as a Labor Department productivity report showed a 2.4 percent annual gain in the first quarter, far below the prior quarter’s 6.9 percent and below expectations. Responding, traders anticipate a possible 0.5 percentage point rate hike by the Fed at the May 16 meeting, with Dow down while Nasdaq up and S&P 500 easing. analysts warn the report alone may not sway policy. American Express led gains among financials, rising 2 3/4 points to 144 3/4.
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