Saturday, August 14, 1999

TRISTATE MARKET SPOTLIGHT


Fifth Third rises with financial stocks

        Fifth Third Bancorp. stock jumped almost 5 percent Friday, riding a wave of enthusiasm for financial stocks after the government reported an inflation indicator rose less than expected.

        The producer price index rose 0.2 percent in July, less than the 0.3 percent predicted by economists surveyed by Bloomberg News.

        That's good news for interest rates, which is good news for banks, because businesses and consumers are likely to borrow more when rates are low.

        Fifth Third stock rose $3.09 to $66.22 Friday.

       



Gas price highest in 2 years
Merchandise sales match team's success
Paper maker moving here
Mel Farr target of lawsuit
Price report cheers markets
TRISTATE BUSINESS SUMMARY
PEOPLE ON THE MOVE
- TRISTATE MARKET SPOTLIGHT