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Newspaper
Aiken Standard
Location
Aiken, South Carolina, United States of America
Date
Jun 28, 1987
Page
14
New York Exchange trading for the week highlights selected issues on the market floor. The report notes performance of key stocks and general trends influencing investors in the week.
Wall Street analysts anticipate strong second quarter corporate earnings to lift stocks after surprising first quarter gains. Optimism centers on profits from restructuring cutting costs and overseas sales helped by a weaker dollar, though banks and some securities firms may face lower earnings due to loan reserves and past trading missteps. The Dow rose 16.01 to 2436.86 as the NYSE and NASDAQ indices posted mixed moves.
The AP lists the most active stocks by dollar volume in New York. The ranking uses median price times shares traded to measure activity.
The week closed with the Dow Jones Industrial Average at 2436.86, down 16.01 from a high of 2451.05 and up from a low of 2428.41. Transportation and utilities also posted slight gains while bonds and the commodity futures index showed modest shifts.
NASD reports weekly top active OTC stocks with Seagate leading by volume at 11.94 million shares. MCI follows with 7.02 million and AppleC close by with 5.53 million. Totals show 4,731 issues and 722,762,300 in sales, with declines and unchanged counts listed.
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