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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Box-By-The-Riviera™ who wrote (54224)	6/15/2000 1:02:00 PM
From: HairBall	Read Replies (5) \| Respond to of 99985

Well, I have been unable to get SI's servers to reply all morning. I finally clicked around, not using my bookmarks to gain access to MDD. I did not see any post regarding SI having troubles today...anyone else having problems? Due to my problems with the SI servers not responding, this may be my first and last post today...<g> Regards, LG

To: Box-By-The-Riviera™ who wrote (54224)	6/15/2000 1:05:00 PM
From: UnBelievable	Respond to of 99985

Industrial Output Posts Surprising Gain Weekly jobless claims fall ASSOCIATED PRESS WASHINGTON, June 15 Industrial production at the nation?s factories, mines and utilities posted a surprising increase in May that came amidst a number of other economic reports showing slower growth. OUTPUT ROSE 0.4 percent, the Federal Reserve said Thursday in its latest snapshot of the industrial sector. Many analysts were expecting industrial production to decline. They were forecasting a 0.3 percent drop. At utilities, output rose 1.4 percent in May. Output at factories and at mines each rose 0.3 percent. In April, industrial output rose 0.7 percent, not as strong as the 0.9 percent gain the Fed estimated one month ago. The Federal Reserve has boosted interest rates six times since last June to slow the economy and keep inflation under control. Recent economic data including home sales, retail sales, factory orders and unemployment indicate a slowing in the red-hot economy. Given that, a growing number of economists believe the central bank will leave rates unchanged when it meets June 27-28. Operating capacity at the nation?s factories, mines and utilities stood at 82.1 percent in May ? the same rate as in April. Many economists predicted operating capacity would fall a bit to 81.7 percent. Even though it didn?t fall, May?s operating rate was below levels usually assocated with a pickup in inflation. Dow Jones Industrials Index ($INDU) price change $10,703.15 +15.20 Add this stock to your MSNBC homepage 10-Year US Treasury Note (TC10Y) price change $103.13 -0.19 Add this stock to your MSNBC homepage Data: MSN MoneyCentral Investor and S&P Comstock Generally, an operating capacity of 84 percent would alarm economists, indicating that factories just can?t product fast enough ? which would lead to price increases. In another report, new claims for unemployment benefits fell last week, after posting a sharp jump the week before, suggesting that businesses continue to scramble for workers. The Labor Department reported Thursday that 296,000 Americans filed new claims for jobless benefits for the week ending June 10, down by 16,000 from the previous week. That was the lowest level since May 27 when claims were at 290,000. However, the more stable four-week moving average of claims, which smooths out week-to-week volatility, edged up last week to 295,750. That was the highest since Oct. 16 when claims were at 300,250. Advertisement Quick Gifts Swimwear Books Music & Video Computing Electronics Toys & Games More . . . Economists consider claims below 300,000 an indication of a tight labor market, meaning employers are having trouble finding qualified workers to fill job openings. While that?s good for workers, economists find it worrisome. They fear that employers will recruit workers with big increases in wages and benefits, increased costs that companies could pass along to consumers in the form of higher prices. Two weeks ago, 312,000 people filed new claims for jobless benefits, slightly more than the government previously estimated. Many economists believed some of that increase was due to government difficulties adjusting the data to account for the Memorial Day holiday.