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Bridgeport Telegram in Bridgeport, Connecticut

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This newspaper page contains 3 articles. Subscribers can read the full text of each article.

Newspaper

Bridgeport Telegram

Location

Bridgeport, Connecticut, United States of America

Date

Feb 11, 1967

Page

13

Stock Market Rebounds, Closes Up After Decline

Stock indexes reversed earlier losses and finished higher as trading ended. Major averages gained value led by gains in technology and financial shares with investors hopeful for steadier momentum ahead.

The Long Hot Summer of the Markets Reassessed

The piece reviews the 1965-66 credit squeeze and near panic, noting the Federal Reserve actions to restrain money supply while denying a system collapse. It cites rising interest rates, tightened bank reserves, and fiscal measures under Johnson to curb demand and ease strains on the economy.

AP Ousuns New York Federal Reserve Reserve Iigeel Fed Johnson Administration

Market Tumbles then Rallies as Conflicting News Baffles Investors

New York stocks opened mixed with varied signals as the Dow fell 1.79 to 855.73 while the S P 500 and NYSE indices posted gains. Magnavox led color TV gains with Magnavox up 24, RCA and Zenith fluctuated, and General Electric recovered after plant closures. Volume totaled about 8.86 million on the day with outlooks mixed amid inflation and higher costs.

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Also Mentioned on This Page

New York Exchange Business Mirror John Cunniff U.S. Treasury Lew Cleechee Wurtitzer Mecox Corp Doyre The AONE
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