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Newspaper
Bluefield Daily Telegraph
Location
Bluefield, West Virginia, United States of America
Date
May 20, 2004
Page
6
Daily stock roundup notes Dow Jones activity with index changes and price moves across the market. Highlights include notable gains and declines among blue chips, along with brief sector signals and acting trends for investors.
Wall Street’s rally stalled as oil prices rose to a record high of 41.50 a barrel, dimming enthusiasm after strong earnings from Hewlett Packard and Applied Materials. The Dow fell 30.80 to 9937.71, while the Nasdaq rose slightly and the S&P 500 slipped, signaling a fragile rebound amid waning catalysts and lingering inflation fears.
Travel agents report higher gas costs pushing residents toward Amtrak and air travel. Gail Phillips of AAA Bluefield notes rising air and rail bookings, while Evelyn Tomchin of Mullens Travel cites cruise vacations and prepaid plans. Crowded driving to ports and smaller aircraft fears ease as drivers adopt fuel saving tips and carpooling.
Independence Air began selling tickets from Washington Dulles with five initial destinations Chicago Boston Atlanta Newark and Raleigh Durham. The carrier plans thirty more summer routes including Yeager Airport Charleston West Virginia with Sen. Jay Rockefeller praising the Charleston partnership and the market prospects.
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