Weekly Stock Market Report
New York Stock Exchange weekly trading summary lists selected issues with sales, price ranges, and last prices. Index movement and change figures accompany the week’s roundup to show overall market direction.
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Newspaper
Aiken Standard
Location
Aiken, South Carolina, United States of America
Date
Dec 27, 1987
Page
22
New York Stock Exchange weekly trading summary lists selected issues with sales, price ranges, and last prices. Index movement and change figures accompany the week’s roundup to show overall market direction.
The fragment lists numeric codes and percentages, suggesting a technical or financial data snippet. Details include figures like 13.9202 and 59 2564 59 with 1 percent and 15 percent values. No contextual events or entities are clear for fuller summary.
Washington AP survey by the U.S. Chamber of Commerce finds top U.S. companies have not reduced production or investment plans after the stock market collapse. Many private economists fear consumer caution could curb future purchases.
New York reports rising stock markets in late 1987 fuel optimism that the nation can avoid a recession in 1988. Projections have been trimmed since the October crash with the Reagan administration lowering GNP growth to 2.4 percent. Analysts warn of divergences across sectors yet expect overall growth from stronger imports and higher capital spending.
S&P projects a 19 percent profit gain for next year in its 500-stock composite, down only slightly from a 22 percent rise this year. Lawrence Kudlow, chief economist at Bear Stearns, says a soft landing is more likely than a recession as inflation moderates and rates decline. He notes deficits and trade gaps remain concerns but expects policy improvements.
A recent fall in oil prices lifted expectations for continuing growth. The relief helps consumers and many businesses as they face strained energy sectors, though regions dependent on energy suffer.
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