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Newspaper
Bluefield Daily Telegraph
Location
Bluefield, West Virginia, United States of America
Date
May 16, 2000
Page
6
Market quotes and closing prices provided by Ron Campbell Investment Planning and Raymond James Financial Services. The report lists stock values, index levels, and sector movements for the trading day. Key names cited include Ron Campbell and Raymond James Financial Services.
Washington based report shows industrial production across factories, mines, and utilities up 0.9 percent in April, the fastest gain since August 1998. Year over year, output is 6.1 percent higher, with March's 0.7 percent rise indicating sustained but potentially inflationary growth.
Norfolk Southern Pocahontas Division is lauded as the safest operating division on America's safest railroad. The E H Harriman Memorial Awards Institute awarded NS the 11th consecutive Harriman Gold Medal in Group A. The division won first in safety for transportation, mechanical, communications signals and overall.
Stocks advanced on the eve of the Federal Reserve policy meeting as investors speculated the central bank may end its rate hikes. The Dow gained 198.41 to 10,807.78 and the Nasdaq rose 78.59 to 3,607.65 while volume remained light. Analysts warned CPI data could temper gains, but a rate rise appears likely tomorrow. Major gains included J P Morgan and Home Depot, with Nabisco’s food unit sale and Lycos’ stock move in focus.
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