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Bluefield Daily Telegraph in Bluefield, West Virginia

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This newspaper page contains 2 articles. Subscribers can read the full text of each article.

Newspaper

Bluefield Daily Telegraph

Location

Bluefield, West Virginia, United States of America

Date

Oct 04, 2001

Page

6

Stocks rally as Dow closes above 9000 on stimulus hopes

Wall Street had its first upbeat session since the terrorist attacks. The Dow edged past 9,000 to 9,123.78 as Cisco Systems boosted optimism with strong guidance, while Bush urged Congress for a $60 to $75 billion economic plan. Nasdaq rose to 1,580.81 and S&P 500 to 1,072.28. Cisco jumped 21.5 percent to 13.95.

New York Wall Street Cisco Systems Dow Bush Congress Cisco John Chambers Federal Reserve Standard & Poor Chambers

Bush seeks up to 75 billion stimulus with Greenspan backing

President Bush urged Congress to approve a stimulus package up to 75 billion dollars funded by accelerated income tax cuts and rebates for workers who did not qualify for summer checks. Greenspan supported additional stimulus as the economy shows signs of recession.

Washington Bush Congress Federal Reserve Greenspan Ash Treasury Paul O'Neill O'Neill Robert Rubin O’neill Labor Department

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