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Bluefield Daily Telegraph in Bluefield, West Virginia

17 May 2003

Page 8

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Newspaper

Bluefield Daily Telegraph

Location

Bluefield, West Virginia, United States of America

Date

May 17, 2003

Page

8

Stocks fall but Nasdaq and S P still gain week

The Nasdaq composite fell 0.8 percent to 1538.53 and the S&P 500 dipped 0.3 percent to 944.30 while the Dow declined 0.4 percent to 8678.97. For the week, all three indices rose with the Nasdaq up 1.2 percent, the S&P 500 up 1.2 percent, and the Dow up 0.9 percent, marking multiple weekly advances amid tepid economic signals and a cautious outlook for tech. Dell dropped after earnings met expectations but warned of no major turnaround, while April CPI fell 0.3 percent and housing starts fell 6.8 percent, easing inflation fears but signaling cooling momentum.

MENTIONED IN THIS ARTICLE

Dow Jones Dow Industrials Dow Transportation Dow Utilities Nyse Composite S&p S&p MidCap Russell 2000 Wilshire 5000 Tecanag Whigs Nyse Naspdaq Wore MetrisCos Simula Kirlin Rs Upkmin Paxsnc NiagCon Solutia AquaCell Herzgp Nwps Pt HallwdGrp RoylOly Scors Frkepubs RiteAid ContMt Jebix.cm Rs BritBiors NwCap Paradyn SAES NwCap Pfc USE Inc ChantCm NwCap Pfb IntBion MailWell Ene Intrface Magnik Biotime SupVsn Zoltek Hexcel Versar PreOpt Rs Threefs Marinep GnCable BentPh Hooperh GnCom Hangworth PAB Bk PopeRes Lucent SunMicro NortelNw Semihtr Intel Cisco Pfizer Sprtpcs Hewlettp iShJapan WvaxCp Nabors Oracle DellCptr Prologis Baxter GreyWol ApidMatl Citigrp BemaGold BredeCm AligEngy NY Hewlett P NY Alr NY HomeDp NY AEP NY IngerRd NY Aramark NY Intel Nasd Bb&tcp NY BM NY Bakr Hu NY Johinuner Kroger CS NY LowesCos NY ChevaTex NY Marathon NY itzComm NY Microsofts Nash Cocac NY Come Sp Nasd Mylan $ NuBaksh ConAgra NY NorflkSo NY ConsolEgg NY Oracle Nasd Daimirc NY Penn NY DellCotr Nash Disne NY PepsiCo NY DomRes NY DuPont NY Praxair NY DukeEgg NY RexStrs NY eBayinc Nasd Sears NY Emrsn Ter ExxonMbl NY Ford NY Ussteel NY GenElec NY VerizonCm NY GnMott NY WalMart NY Australia Japan U.S Fidelity Invest Magelin LC Icaa P Lc Wsha P LV PIMCO Gwtha P Contra Grolnc LC American Funds Incoa P MP Vanguard GNMA EU IL efAp Wellin Amer Century Inv Ultra LG Puritn Eq Inc Wndsil Invest BluCh LC E -Equity Inc Lipper, Inc New York Dell Steve Kolano Boston Co. Asset Management Dow Smith Barney Russ Koesterich State Street Corp Labor Department Commerce Department Iraq
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April CPI decline signals cooling inflation pace

April CPI fell 0.3 percent led by lower energy, car, and clothing costs, with year over year CPI up 2.2 percent. Core inflation rose 1.5 percent over 12 months, weakest since 1966, as Fed worries about deflation influence policy expectations ahead of the June meeting.

MENTIONED IN THIS ARTICLE

Ashington Weve Federal Reserve Labor Department David Rosenberg Merrill Lynch Alan Greenspan Fed Central Bank Roger Ferguson
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Senate Tax Bill Targets Corporate Misconduct

Senators used a tax bill to crack down on shelters and executive deception amid Enron and WorldCom scandals. Grassley frames the move as a response to corporate con artists while small businesses gain tax relief through lower top rates and expanded equipment write offs.

MENTIONED IN THIS ARTICLE

Washington (Ap America Bruce Josten U.S. Chamber of Commerce Josten Senate Finance Committee Charles Grassley Enron Type Corporation Congress Enron WorldCom
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