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Newspaper
Bluefield Daily Telegraph
Location
Bluefield, West Virginia, United States of America
Date
May 18, 2004
Page
6
A brief market recap highlights mixed trading with notable dips in several sectors and brief recoveries later in the session. Investors monitor energy prices, commodity shifts, and interest rate expectations as volatile moves continue to shape the tone of early-week activity.
Wall Street extended losses as Iraq Governing Council president Izzadine Saleem died in a Baghdad car bombing that killed eight others. The Dow fell 105.96 to 9906.91, Nasdaq -27.61 to 1876.64, and S&P 500 -11.60 to 1084.10 amid global economic jitters. Oil rose and the dollar weakened as markets priced in regional turmoil and political risk.
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