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Newspaper
Aiken Standard
Location
Aiken, South Carolina, United States of America
Date
Jul 26, 1987
Page
20
New York Stock Exchange trading week summary lists selected issues with sales, ends, highs, lows, last price and change figures. Indicates overall market activity and key price movements across listings.
Data fragments show a sequence of numbers and letters without readable context. No identifiable people, places, or events are present to form a concrete historical item.
The stock market wavered last week as traders grew wary of world events. Analysts say Persian Gulf tensions unsettled investors during a period of indecision. On Wednesday the U S Navy began escorting Kuwaiti oil tankers through the gulf to avoid Iranian threats.
NASDAQ New York reports the weekly list of the most active over‑the‑counter stocks. AP notes trading interest shifts, with top movers and volume leaders across the OTC market this week.
Major corporate moves frame the economy with Westwood One to buy NBC Radio Networks for 50 million dollars and Pennzoil pursuing Texaco in a 4.1 billion plan while a judge extends Texaco's Chapter 11 filing deadline. Smiths Industries agrees to a 350 million dollar Lear Siegler aerospace stake. Kenner Parker toys rejects a 401.8 million bid.
Analysts warn the Iran-Contra affair could spook foreign investors by implying more political risk in the Reagan administration. Johnson argues markets prefer stability but cautions Democrats’ regulatory stance could harm markets. Some see internal market momentum despite external events.
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