Wall Street Unfazed By Mixed Signs

Sat., Feb. 21, 1998

From Wire Reports

Mixed messages from a series of economic reports didn’t keep financial markets from pushing into record territory this week.

After a setback Thursday, the Dow Jones industrial average resumed its climb Friday, gaining more than 38 points to close at 8,413.94. For the week, the Dow was up nearly 44 points., but about 40 points below Wednesday’s record high.

In economic reports this week:

The Commerce Department said the U.S. trade deficit climbed to $113.7 billion in 1997, a nine-year high, as the imbalances with both Japan and China widened substantially.

The Federal Reserve reported that production at the nation’s factories was unchanged in January - the first time industrial production has failed to record a monthly increase since October 1996.

Local journalism is essential.

Give directly to The Spokesman-Review's Northwest Passages community forums series -- which helps to offset the costs of several reporter and editor positions at the newspaper -- by using the easy options below. Gifts processed in this system are tax deductible.

Meet Our Journalists

Jesse Tinsley

Meet Jesse Tinsley. As a certified drone pilot, this veteran Spokesman-Review photographer often can be seen capturing beautiful aerial photographs of our region. Sometimes though, the job requires getting down with the dogs.
Jim Meehan

Jim Meehan is no stranger to Zag Nation. As the lead writer covering the Gonzaga men’s basketball team, he tells the stories behind the game and gets fans a bit closer to their favorite players.
Molly Quinn

There is no artist in Spokane like Molly Quinn. Her whimsical style is instantly recognizable to readers of The Spokesman-Review. She has painted gorgeous illustrations that instantly elevate the journalism accompanying it. She brings to life the stories that defy photography. She makes our pages better.
Rob Curley

Spokesman-Review editor Rob Curley loves to talk with people and learn about their lives, whether it's a best-selling author or a stranger he meets downtown on his walk to lunch. It's that inquisitive nature combined with a playful sense of storytelling that helps make our newspaper different than most.

Wall Street Unfazed By Mixed Signs

Jesse Tinsley

Jim Meehan

Molly Quinn

Rob Curley

A year after ‘Liberation Day,’ what did Trump’s tariffs achieve?

Analysis: Trump speech on Iran war, recent remarks on oil, NATO, daycare costs land with a thud

Iranians reel from US-Israeli attacks on civilian infrastructure