Market In Review Shows Minor Change and Range
The index moved 0.32 higher from the previous close as it traded between 11,232.84 and 11,345.72. The record high remains 11,722.98 set on January 14, 2000.
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Newspaper
Bluefield Daily Telegraph
Location
Bluefield, West Virginia, United States of America
Date
May 22, 2001
Page
6
The index moved 0.32 higher from the previous close as it traded between 11,232.84 and 11,345.72. The record high remains 11,722.98 set on January 14, 2000.
Wall Street surged as technology shares led gains with the Nasdaq up 106.71 to 2305.59 and the Dow closing at 11337.92 up 36.18. Traders cited expectations of better times and high cash on the sidelines, with Sun Microsystems and Cisco among notable gainers amid broader market strength fueled by rate cuts.
Ford plans to replace 10 to 13 million Firestone Wilderness AT tires, far exceeding the prior recall. Bridgestone/Firestone ends Ford sales and a 95 year relationship, while Ford CEO Jacques Nasser to brief lawmakers and announce actions at Ford in Dearborn. Officials note 174 deaths linked to tire failures on Explorers.
Springfield AP report shows Teligent Inc seeking Chapter 11 protection after failing to secure $350 million in financing. Vienna based firm plans to continue operations during reorganization, citing aggressive last mile broadband network and fiberoptic backbone amid industry investor challenges.
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