Stocks of Local Interest
Stocks of local interest include notable gains and losses with mixed results. Leading movers show notable price changes across several firms and sectors, reflecting fluctuating market sentiment in today’s trading session.
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Newspaper
Bluefield Daily Telegraph
Location
Bluefield, West Virginia, United States of America
Date
May 27, 2004
Page
6
Stocks of local interest include notable gains and losses with mixed results. Leading movers show notable price changes across several firms and sectors, reflecting fluctuating market sentiment in today’s trading session.
Stocks closed mixed as technology and small caps rose while large caps slipped. Traders cite caution over terrorism threats and signs of slower economy from durable goods and home sales data. Dow fell slightly. S&P and Nasdaq edged higher amid narrow trading. New home sales dropped 11.8 percent to 1.09 million as mortgage rates climbed to 5.83 percent in April.
Bluefield's economic development commission has not met lately, spurring concern from Art Riley of the Downtown Merchants' Association. Director Jim Bailey cited lack of a current purpose for meetings, while Riley pressed for updates on a 2003 restaurant survey and possible actions from Mercer County Development Authority and Bluefield State College. The mayor noted a public copy of the 200-page survey is available, with extra copies through the survey coordinator.
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