Blue chips lift Dow as rate worries ease
The Dow rose 70.25 to 9161.77 as blue chip stocks rallied amid fading inflation and rate fears. Yield on the 30 year bond slipped below 6 percent after Asia related troubles and Indonesian unrest influenced sentiment. Investors weighed Fed actions with global turmoil and potential capital flows.
MENTIONED IN THIS ARTICLE
New York
Federal Reserve
Treasury
Asia
Japan
Indonesia
India
Fed
U.S
United States
China
Honk Kong
Steven Goldman
Weeden & Co
Greenwich, Conn
Ford recalls 1.7 million F series and SUVs for wheel-off risk
Ford Motor Co recalls 1.7 million vehicles including F series pickups F 150 F 250 Expedition and Navigator from 1997 and 1998 for lug nut coating causing wheel separation. 98 reports 4 injuries. Ford to replace over 30 million lug nuts. F series remains top selling US vehicle with 746000 sold last year.
MENTIONED IN THIS ARTICLE
Washington
Ford Motor Co
America
Expedition
Navigator
Ford
Karen Shaughnessy
Shaughnessy
Senate restores immigrants food stamp benefits in bill
The Senate passed a $1.9 billion measure restoring food stamp benefits to about 250,000 legal immigrants as part of a package that also expands crop insurance and funds agricultural research. The vote was 92-8, sending the bill to the House. President Clinton signaled a veto without the food stamp provisions.
MENTIONED IN THIS ARTICLE
Washington
Senate
House
Tom Harkin
Iowa
Phil Gramm
Texas
Gramm
United States of America
Dick Lugar
Rind
Agriculture Committee
United States
Also Mentioned on This Page
Nyse Diary
Lee
Age Maraf Ae
Ebi
West Nand
Awe Saranie
FLOA
Gentex
Intels
Lsbncs
Nastech
NNR
Beit
Novell
OhioCas
X-Rite
EchoBay Garan
Hasbro
Jaclyn
Texaco
TexUtil
Timken
Trchmrks
Traveliss
Walldort
Meeenya
Saneneete
Bae
Ammunai Beckley
Beckley Newspapers
Shelli Wood
P.O
R. Beckley
Lisa Crook
State Bank & Trust
Lisa
First State Bank & Trust
City National Bank
N. Eisenhower Drive
Beckley Member
FDIC
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