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Newspaper
Middletown Journal
Location
Middletown, Ohio, United States of America
Date
May 27, 2005
Page
7
The May 26 2005 market diary shows NYSE advanced 2,309 on 1.695b shares with 91 new highs and 22 new lows while Nasdaq advanced 2,130 on 1.617b shares with 161 unchanged and 892 new highs. market activity features notable volume and evolving strength indicators.
DETROIT Analysts warn that May auto sales slowdowns could push General Motors and Ford to further cut production after April showed better demand. Higher gas prices higher car loan rates and weak consumer confidence cited by Burnham Securities analyst David Healy as drains on demand.
In Kaesong, South Korean Shinwon models in denim and colorful tops parade above North Korean workers in beige uniforms sewing clothes. The fashion show marks a joint production line opening at the Kaesong Industrial Complex, highlighting mixed hopes for inter-Korean cooperation and economic reform. The event drew about 500 South Koreans and underscored tensions over wages and broader political ties.
The Commerce Department reports the first quarter GDP at 3.5 percent, up from 3.1 percent, aided by smaller trade drag and stronger housing. Dow Jones rose nearly 80 points as investors welcomed the upgrade, while April job gains signal improving labor markets despite high energy prices.
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