Stocks Rally as Yen Stabilizes Dow Rises After Fed Dollar Sales
The Dow Jones gained as much as 227 points amid U S action to stabilize Japan's economy. The index closed up 164 17 at 8 829 46 recovering much of Monday's drop. Analysts warned the move offers little longer term relief amid ongoing Asian crisis warnings.
MENTIONED IN THIS ARTICLE
New York
United States
Japan
Dow
Reeder
Federal Reserve
U.S
Fed
Asia
Brian Belski
Dougherty Summit Securities
Minneapolis
Richard E. Cripps
Mason
Baltimore
Wall Street Markets Hit Fresh Highs and Lows
The day saw 2,185 new highs and 901 new lows across 3,556 total issues. Investors watched volatile trading as market breadth showed mixed strength and sector rotations continued.
Nasdaq Dividend and Stock Values Highlight Mixed Trading
Market notes show Nasdaq dividend data and stock values with various last prices, gains, and percentages. Notable tickers include Microsoft, Oracle, Hasbro, Teoco, and Bechtel peers, reflecting mixed activity and notable closures across June 17, 1998.
MENTIONED IN THIS ARTICLE
Intels
Lsbncs
NatVisn
Novell
OhioCas
Oracles
Basea Ponty
EchoBay
Garan
Hasbro
Bane
Trewiks
Mercer County Health workers back union representation
Mercer County Commission on Aging employees voted 35 to 7 to be represented by District 1199 SEIU, seeking respect, livable wages, and a voice in patient care. Union leaders vow to support health care workers while negotiations begin on a contract with no initiation fee until signed.
MENTIONED IN THIS ARTICLE
Mercer County Commission On Aging
District 1199
SEIU
Teresa Collins
MCCA
West Virginia
Ohio
Kentucky
Jason Perlman
Perlman
Donna Harvey
Cnas
Sandy Lawrence
State gains May nonfarm jobs with 1.1 percent rise
May 1998 nonfarm payrolls rise 1.1 percent from May 1997 driven by 7,800 net private service jobs after subtracting 12,300 election workers. West Virginia total nonfarm payrolls hit 730,700 with private sector 577,100 and government 153,600. Mining falls 6.1 percent year over year while services climb 6,700.
MENTIONED IN THIS ARTICLE
Office of Labor and Economic Research
West Virginia
FDA panel backs safety of fake fat olestra
In Reston Virginia an FDA advisory committee excluding two members and one abstention endorsed a finding of reasonable certainty of no harm from olestra. The decision counters Center for Science in the Public Interest claims that olestra causes gas bloating diarrhea nausea and nutrient absorption issues. Procter & Gamble executive Christopher D Hassal welcomed the result.
MENTIONED IN THIS ARTICLE
Reston
Food and Drug Administration
Food Safety Advisory Board
Center For Science In the Public Interest
Olestra
Christopher D. Hassal
Procter & Gamble Co
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Mercer County
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