Dow, Nasdaq Rise After Fed Hikes Rates In Quiet Rally
Wall Street reversed early jitters as the Federal Reserve raised rates by a quarter point to 5.25 percent and nudged the discount rate to 4.75 percent. The Dow slipped 16.5 to 11,283.3 while the S&P 500 reached 1,363.50 and the Nasdaq climbed to 2,752.37 helped by tech strength, with Microsoft and Applied Materials among gainers.
MENTIONED IN THIS ARTICLE
New York
Federal Reserve
Fed
Wall Street
Standard & Poor
Alan Greenspan
Peter Canelo
U.S
Morgan Stanley
Dean Witter
Dan Laufenberg
American Express Financial Advisors
Chase Manhattan
Applied Materials
Microsoft
Sun Microsystems
Sun
Area stocks dip as rates rise with IBM lagging
Interest rates may stay steady but high prices strain investors. IBM was the worst Dow performer, down 2.5 percent to 122. Decliners outpaced advancers 4 to 3 on the NYSE. NYSE volume reached 724.3 million shares. The Russell 2000 slid 0.13 to 437.12. Overseas, Japan fell 0.76 percent, Germany gained 0.4 percent, Britain slipped 0.1 percent, and France rose 1.2 percent.
MENTIONED IN THIS ARTICLE
IBM
Japan
Germany
Britain
France
Study finds lack of leadership worries many firms
A Pittsburgh firm reports 74 percent of 2,400 employees from 52 top U.S. companies say qualified leaders are hard to find. Executives cite weak long term strategy and decision making, with effects on revenue and profitability. Leadership development programs are recommended.
MENTIONED IN THIS ARTICLE
Development Dimensions International
U.S
Parpcingien
Ground broken for Sleep Inn in Frederick Maryland
Ground has been broken for the Sleep Inn at 5361 Spectrum Drive Frederick owned by Willbloom Partners Limited of Bloomsburg PA. The mid priced Sleep Inn chain franchised by Choice Hotels International is touted for value by DK Shiffler Associates and Cornell University study. The Frederick Sleep Inn will offer king and queen rooms with amenities including coffee makers, HBO, in room Nintendo games, free local calls and continental breakfast. Facilities include an exercise room meeting space for up to 30 and flexible rate plans for veterans senior travelers and government personnel.
MENTIONED IN THIS ARTICLE
Spectrum Drive
Frederick
Willbloom Partners Limited
Bloomsburg
Sleep Inns
Choice Hotels International
Cornell University School of Hotel Administration
Sleep Inn
Frederick Sleep Inn
HBO
Frederick woman honored as Notary of the Year
Iris D. Norris of Frederick was named 1999 Notary of the Year by the American Society of Notaries at its Annapolis conference. She chairs the Education Committee, coordinates Maryland class schedules with colleges and government reps, trains new notaries, and volunteers at the White House. The society notes notaries’ public role in commerce and law and aims to improve training and awareness.
MENTIONED IN THIS ARTICLE
Irie D. Norris
Frederick
American Society of Notaries
Annapolis
Bill Goddard
Maryland
Ms. Norris
Richard Authier
Iris D. Norris
Norris
White House
Notaries
America
Lisa Fisher
Tallahassee
Fla
Notary Public
Also Mentioned on This Page
Dow
S&p
New York Stock Exchange
Life Tech
Lockheed
Lowe’s
Marriott
Alcoa
Mercantile
Winkshr
Nextel
Bell Atl
Mvryan
H Constellation
Safeway
Crown Amer Andh Sears
Exxon
Sun Trust
Fcnb Co
St. Paul
F&m Bancorp
GTE Corp
Weis
GaPacific
INS
Home Depot
Ferris Baker Wattstah
New Windsor State Bank
National Bank of Kazakhstan
Federal Deposit Insurance Corp
Kazakhstan
Makhmud Duisebayev
Timur Altayev
Rustam Yakupbaev
Jim Baker
Bartlett
Roscoe Bartlett
R-oth
Small Business Administration
Clinton
SBA
Washington
Dr. Bartlett
American Automobile Association
United States
Caribbean
Thailand
Brazil
Silver Spring
Comfort
Quality
Rederich Nems-Post
Prospect Plaza
West Patrick Street
Woodbsboro Bank
Ember
AP Stock Quotes
Fforelgsy Schiterieat
Oport
Mio
Scottsdale Securities, Inc. Discount Stock Brokers
Monroe Street Plaza
Rockville
SIPC
Scotirade.com
Mesa
Jackson Hewitt
Ise Jackson Hewitt
Montana Investments, Inc
Bruce Jett
John Laughlin
Tom Trott, Jr
Aol
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