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.
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