Stock market closes with scattered gains and losses
New York stocks show mixed results with Kmart, Amoco, and Exxon among decliners while General Electric, IBM, and Coca Cola post modest gains. The tape lists dozens of firms with varying closes and percent changes, reflecting a sluggish session on cautious trading day.
Poor Countries Lose Ground in Trade Deficit Report
The IMF memo shows Asian European Western Hemisphere nations posting a 4.9 billion first quarter trade deficit, with developing Middle East and African countries adding 3.1 billion for 1985. Reserves fell 15 percent since year end, while first quarter exports reached 113.6 billion dollars.
MENTIONED IN THIS ARTICLE
Washington
Asia
Europe
Western Hemisphere
International Monetary Fund
Middle East
Africa
Stock prices close lower in continued profit taking
New York stocks fell again as investors took profits after Tuesday's sharp rise. The Dow slipped 7.59 to 1,939.68, with 824 issues down, 703 up, 499 unchanged on the NYSE. Volume traded was 156.91 million shares. The S P 500 fell 0.81 to 253.04 and the Nasdaq rose 1.03 to 364.07.
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New York
JoyMig
Stock Exchange
Kmart
Kaisr al
AMR
Kopers
Lukens
Alcoa
Ss Martm
Acyan
Mercks
AmMot
Mobil
At&t
NCR
Amoco
Armco
Armwi S
Aurich
Ownlll S
Brain S
Sears
Exxon
Singer
GenEl
Texaco
Ucarbs
Gillets
Uswst S
Unocal
Goodyr
Hs WinDix
IBM
New York Stock Exchange
Hugh Johnson
First Albany Corp
Albany
N.Y
Standard & Poor
S&p
Gold and Silver Futures Trading Review in New York
Futures trading on the Comex opened with price activity in New York as gold and silver futures defined early session moves. The report notes opening highs and lows leading to the settle, indicating market direction for precious metals on the day.
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New York
Ashland study predicts higher oil prices after war end
Ashland Oil Inc. forecasts a continued oil glut and low prices for at least five more years despite a potential end to the Iran Iraq war. The report argues demand will rise 1 percent yearly with gasoline use up as population and driving grow. It envisions scenarios where OPEC discipline or disintegration drives price paths to 65 dollars by 2000. Domestic incentives and tax breaks for exploration could revive drilling, while coal use is seen rising after initial cheap crude.
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Pikeville, Ky
Ashland Oil Inc
Middle East
H. Tahmassebi
Ashland Oil
Tahmassehi
Persian Gulf
Opec Solidari Wey
OPEC
Virginia factories operate at 84 percent capacity in November
Virginia manufacturers surveyed by the Federal Reserve say shipments declined and inventories rose, keeping manufacturing activity flat in November. The Fifth District averaged 78 percent capacity, with nationwide at 79 percent, as orders fell and overproduction due to overestimated demand. Foreign competition remains a top concern.
MENTIONED IN THIS ARTICLE
Richmond
Virginia
Federal Reserve Bank
Christine Chmura
Federal Reserve
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