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Newspaper
Aiken Standard
Location
Aiken, South Carolina, United States of America
Date
Dec 13, 1987
Page
24
New York Stock Exchange trading for the week highlights selected issues with sales, ends, high and low prices, and charted changes. This report outlines weekly activity and notable movements in market prices.
New York reports the October trade deficit rose to a monthly record of 17.6 billion dollars, baffling economists who say the spike defies logic and questions the figure as a reliable barometer of the economy.
New York report says stock prices rose for a second weekly gain since October. Optimists foresee a year end rally while skeptics warn against sprinting into a market still reeling from the Crash of 1987. Traders note holding gains despite a surprise October trade deficit, with some viewing resilience as a positive signal.
The Dow Jones Industrial Average rose 100.30 points to 1,867.04 in a week, a record weekly point gain that could not recover all of the prior 143.74-point drop. The NYSE index gained 5.89 to 131.86, the American Stock Exchange index 10.82 to 242.72, and the Nasdaq composite 9.65 to 302.57. Volume on the Big Board averaged 189.21 million shares daily.
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