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Newspaper
Bluefield Daily Telegraph
Location
Bluefield, West Virginia, United States of America
Date
Sep 19, 2000
Page
5
Closing price quotations for the market were provided by Ron Campbell Investment Planning Raymond James Financial Services. Phone contact (304) 325-7334. NASD and SIPC member firms.
A broad stock selloff pushed the Dow 118.48 lower to 10,808.52 and the Nasdaq 108.71 down to 3,726.52 as investors fret over corporate earnings and slowing economic growth. The S&P 500 fell 21.30 to 1,444.51 amid oil price spikes and euro weakness, with the market awaiting earnings and a tight presidential race.
Circuit City Stores Inc reports a 20 percent drop in quarterly profits to 59.5 million dollars, or 27 cents a share, for the quarter ending August 31. The retailer said weak appliance sales and pricing, plus a 7 million dollar markdown impact from exiting that business, reduced gross margins and trailed Wall Street expectations.
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