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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

Jun 15, 1977

Page

18

Prime Rate Cut Triggers Surge in Big Board Prices

A sharp move in the prime rate appears to spark a broad rally on the New York Stock Exchange. Traders react as futures, stocks, and blue chips show noticeable price upticks with Boeing, Coca Cola, and other major names highlighted amid market activity.

Market Barometer Highlights Mixed Dow Jones Activity

The market barometer shows mixed moves with Dow Jones indices fluctuating in the trading session. Notable readings include varied industrials and transportation sectors, with several stocks advancing while others retreating amid shifting bond and commodity futures indexes.

Dow Gains Sharply As Prime Rate Cut Sparks Rally

The Dow Jones Industrial Average jumps 39 points to 972.57 led by gains in Coca Cola Verizon and AT&T with volume on the New York Stock Exchange rising to its busiest in four weeks. Analysts tie the rally to Morgan Guaranty Trust NY lowering its prime rate and easing signals.

New York New York Stock Exchange Morgan Guaranty ‘S Trust of Rakees J. Wai Eelolan Gosk Garda Gosling Lord Foriae Interes Philasub Gratsivan Askey Alsourac Billsbey SouRy Glenerey Georsen GenuPts GaPoc GePw Selty Gillette Globeu Boyd Grace Leo BF Grentun TY Gruman Geardin Gnsia

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