Big Board Stumbles in Tight Money Woes on NYSE
On Wednesday the New York Stock Exchange showed a volatile session as major indices fluctuated amid tight money conditions. Traders watched blue chips such as Citicorp and Am Tel Tel, with volume led by industrials and utilities, while numerous issues posted varied gains and losses.
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Wall Street Falls as Dow Dips to 832.37
The Dow Jones industrial average slid 43.62 points to 832.37 marking its lowest close since February 20 and the broader NYSE index dropped 0.85 to 196.0. Volume reached 5.0 million shares amid Fed policy fears and rising bank lending rates.
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