Dow climbs back above 8000 as tech shares lead rebound
The Dow rose 101.95 to 8,001.47 and the Nasdaq gained 53.59 to 1,546.08 as technology names rallied after a sharp rebound. Analysts noted oversold conditions and expectations the Federal Reserve may lower rates to mitigate global economic crises. The index remains well below its July 1997 peak.
MENTIONED IN THIS ARTICLE
New York
Dow
Dow Jones
John Shaughnessy
Advest Inc
Hartford
Shaughnessy
Closings Report Shows Record Low Composite Volume
New lows observed as market activity dips with total composite volume totaling 822,306,530. The 1997 average composite volume stands at 630,215,250, indicating lighter trading compared to long term norms.
Mutual Funds and Stock Listings Across Markets
A dense page lists numerous mutual funds and stock quotes with prices gains and losses. Names include Lynch A and B, Fortis Funds, HYAGA, USG variants, and many blue chip firms such as Coca Cola, IBM, Exxon, and General markets. The data show last prices and daily changes across sectors and regions, reflecting a broad market snapshot.
Underwood urges Clinton to halt dumping of steel
West Virginia governor Cecil Underwood joined 12 other governors in urging President Clinton to stop imports of unfairly priced dumped and subsidized steel from Russia Brazil and Japan. They cited an 81 percent rise in these imports in seven months and warned of job losses from foreign competition. The group urged tougher trade-enforcement actions and a Congress report next year proposing a comprehensive solution.
MENTIONED IN THIS ARTICLE
Washington
West Virginia
Cecil Underwood
Clinton
Russia
Brazil
Japan
United Steelworkers Union
Commerce Department
Wheeling-Pittsburgh Steel Corp
Weirton Steel Corp
Weirton Steel
House
Senate
U.S
Congress
Ansted Council Deliberates Police Complaints and Rates
Ansted residents urged the town council to address alleged police harassment and discrimination with a petition signed by about 40 locals. Police Chief Dennis Spangler defended the department, while council took no action. The meeting also considered a proposed 23 percent sewer rate hike to fund a 2.7 million overhaul, with debate over structuring the increase. Other items included a tree-replacement grant, Halloween and Christmas events, and council vacancies.
MENTIONED IN THIS ARTICLE
Ansted
Patricia Morris
Victor
Morris
Fayette County
Paul Blake
U.S. Department of Justice
Margaret Workman
Workman
Ansted Volunteer Fire Department
Kevin Willis
Dennis Spangler
Hopewell
Spangler
Fire Department
Kathy Wilson
Wilson
Geoffrey Skaggs
Ansted Sanitary Board
Chuck Hurley
Skaggs
Hurley
Jimmy Sowder
Lynn McVey
U.S
M.L
Dub” Scarbro
Moundsville Seen as Training Site for State Officers
Former warden says the Gothic Civil War era West Virginia Penitentiary could host year round training for state law enforcement with upgrades. Closed in 1995 after a Supreme Court ruling, the unheated 5 by 7 foot cells once held over 2,500 inmates. some moved to Mount Olive Correctional Center in Fayette County.
MENTIONED IN THIS ARTICLE
Moundsville
West Virginia
State Supreme Court
Mount Olive Correctional Center
Fayette County
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By Joe Myers
the Register-Herald
Raleigh County
Citizens Southern Bank
Fdic
Robert C. Byrd