Brokers Split On Why Stocks Fell In Dull Trading
The market slid for a second straight session as bids dried up and traders stayed on the sidelines. Some brokers blamed a planned market correction ahead of a summer rally, others doubted any rally would come. Dow dropped 2.61 to 694.15 and AP average fell 1.60 to 247.90 amid declines in steel, copper, rails, utilities, chemicals, and aircraft shares.
MENTIONED IN THIS ARTICLE
New York
Arthur J. Goldberg
Steel
Dow Jones
Associated Press
Lackadaisical Action Triggers Skepticism On Wall Street
AP reports the stock market shows hesitation as Dow near 730 to 740 all summer, with Kenneth Ward of Hayden Stone noting it stems from high conferences in Europe and antitrust probes. He says easy money, inflation, and strong reserve buying keep profits rising, despite no new Dow high yet.
MENTIONED IN THIS ARTICLE
New York
Wall Street
Kenneth Ward
Hayden, Stone & Co
Europe
Ward
Shell tips to gain up to 30 extra miles per tank
A brief note outlines methods to improve fuel mileage and reduce costs. It mentions strategies to avoid fuel cost creep and includes a remark about using a Pentane mix for faster engine warm ups.
MENTIONED IN THIS ARTICLE
Shell
Super Shell
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