IBM Leads Dow Reversal as Tech Slump Pushes Markets
A broad stock market decline amid mixed results closed at session lows. IBM dropped about five percent dragging the Dow to 1306.34 while transportation stocks slid. oil issues helped limit losses as the NYSE composite fell to 108.87 and total volume reached 97.7 million shares.
MENTIONED IN THIS ARTICLE
Standard & Poor
IBM
John F. Akers
Burroughs
Digital
Texas Instruments
Exxon
Chevron
Mobil
New York
Wall Street
New York Stock Exchange
NYSE
Tentative United accord reached
United Airlines and the Air Line Pilots Association reached a tentative settlement to end a strike by 5,000 pilots that crippled the carrier for weeks. The pact, presented by mediator Helen Witt, awaits ALPA ratification by its master executive council and is not yet released in detail. The council's decision will determine when full operations resume.
MENTIONED IN THIS ARTICLE
Washington
United Airlines
Air Line Pilots Association
United
National Mediation Board
Helen M. Witt
Ralph Calliander
ALPA
Winners embrace Reagan tax plan across corporate sectors
Wall Street analysts map winners as the Reagan tax revision would cut corporate rates to 33 percent from 46. A broad coalition including IBM, General Foods, National Retail Merchants Association backs passage. Many service oriented and high tech firms would gain despite higher overall corporate burdens.
MENTIONED IN THIS ARTICLE
Washington
Reagan
Wall Street
America
Sun Belt
Capitol Hill
International Business Machines Corp
General Foods Corp
National Retail Merchants Association
National Association of Wholesaler Distributors
Jack Albertine
American Business Conference
Andrew J. Melnick
L.F. Rothschild, Unterberg, Towbin
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Gillette
Kmart
At&t
Fordm
Pennzol
Mgmgr
BellSou
PhilPwi
Wheat First Securities Inc
Acton
Crane U Hou Oil Tr
Mtchi Enrgy
Robershaw
Allied Corp
Disney Hughes Tool
Mohasco
Rockwell Int
Amer Brands
Dm Piahs Humana
Scoa Ind
Amerada
Dminion Res
Ingersoll
Duke Power U's
Sara Lee Corps
Amer el Pwr
Eastern
G&f
Inexco
Newmat
Mng
Sony
Amer Family
Eaton
Moris
Nik Sthn
Sthrn Co
S Amf Inc
Emrs el
Jim Walter
No Am Coal
Sou Roy
Ashland Oil
Ethyl
J&s
Ohio Edison
Spectra Phy
Avon
Firestone
Svci
Occidental
Occintl
Atlas Corp First Va
Bk Kirby Expr Sunshne
Bakr Intl
Lear Siegler
Occindtib NT Syntex
Batg&e
Inds
Lear Petrl
Olin
Taft Brdest
BankAmer
Foster Wh
LTV Corp TM Texas Instr
Bank of Va Frort
McMr
Litton
Pahndl Estra
Transamerica
Beard Oil
Galaxy Oil
la Pacific
Pat Ptrl
Trico Ind
la Ld & Expl
Wstra UN
aCola
Mesa Petri
Revion
Col Gas
Hosp Corp
Mesa
Aynids Inds
Whittaker
Combing
Hous Ind
Msa Ofshr
Wilms Elec
Uswest
Wiliam
WinDix
Wolwtho
Mt. Ani
Helen Witt
Don Skiados
Chicago
American Furniture
Pieste Int Hedin
Apple Computer
First Carolina Inq
Atlantic Research
Fortune Systems I
Bassett Furniture
Glaxo Holdings Adr
Kincaid Furniture Inc
Benafuels Inc
My Bluefield Supply
Ladd Furniture Inc
Burke Parsons
Cadmus Communications
MCI Communications
Dibrell Bros
Dominion Bankshares
S&k
Famous
Smart Modern
Anchor
Eagle
Med
M. Wt
Mastercard
Visa
American Express
Diners’ Club
Alia
Charleston Town Center
Clarksburg
Huntington
Westhall Co
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