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Newspaper
News
Location
Frederick, Maryland, United States of America
Date
Apr 01, 1995
Page
13
The Commerce Department reports 1994 Q4 GDP at 5.1 percent, the fastest since late 1993, with full-year growth at 4.1 percent. Stock markets swing as inflation fears flare, while signs point to slower consumer spending and a cooling economy.
New York stocks steady after a sharp morning decline with the Dow down 14.87 points at session close. Trading curb rules were lifted as the market recovered from an initial 60 point plunge, with heavy volume and a small edge for decliners.
Stocks of area interest fade as GDP climbs 4.1 percent, raising Fed rate fears amid a weak dollar. Bonds bounce after UMich sentiment slips and Chicago Milwaukee indexes fall. Gold and silver gain as inflation fears drive safe-haven bids. Tech shares end mixed with soft semiconductor outlook. major indexes retreat. Notable movers include Barrick Gold up to 24 7/8, Placer Dome 24, Homestake 18 4, Battle Mountain 11 7/8.
University of Baltimore economists forecast Maryland personal income up 66 percent this year and employment rising 1.5 percent led by services wholesale trade and construction. Export growth drives gains as government cuts and higher rates bite nationwide still Maryland adds jobs amid the storm.
Wahl Business Systems Inc has moved to 333 E Fifth St Frederick and expanded its Canon office products to include computer networking and integration. The company serves Frederick and Washington counties and parts of West Virginia. It emphasizes total customer satisfaction and notes Canon’s leadership in copiers and plain paper facsimile machines. Open 8:30 am to 5 pm Monday through Friday. Call 662-2124 or 1-800-779-6285.
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