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Newspaper
Bluefield Daily Telegraph
Location
Bluefield, West Virginia, United States of America
Date
Oct 07, 2000
Page
5
Closing prices and quotations provided by Ron Campbell Investment Planning and Raymond James Financial Services. Contact (304) 325 7334. Member NASD and SIPC.
The report lists net change 27.29 percent change 1.90 with a high of 1443.30 and low of 1397.06. It notes record high March 24, 2000 at 1527.46 and close at 3361.01. Another entry shows a high of 3505.81 and low of 3314.91 on March 10, 2000 reaching 5048.62.
Nasdaq slides 111.09 to 3,361.01 as investors fret over profit outlook and inflation fears. Dow drops 128.38 to 10,596.54 and S&P 500 falls 27.29, with weekly losses deepening and hopes of a market bottom fading. Analysts warn buyers are scarce as third quarter results loom.
Washington AP reports the unemployment rate fell to 3.9 percent in September, the lowest since April, with black unemployment also at a historic low. The decline surprised economists as growth appeared to slow, aiding political narratives ahead of the November elections. President Clinton touted the milestone as evidence of strong economic policy.
A Energy Department forecast predicts average heating costs rising by 190 to 240 dollars this year for natural gas or oil users even if winter is mild. A potential cold spell could strain supplies, with extra reserve oil easing shortages but inventories remaining tight along the Northeast and on the East Coast.
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