Stock Prices Rise After Rate Hike Amid NYSE Trading
The New York Stock Exchange and other markets show higher stock prices despite an increase in prime interest rates. Trading centers list numerous securities and their activity with notable entries from Ampex, Exxon, DuPont, RCA, and East Kodak among others as indexes reflect mixed gains and losses across sectors.
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Tn York
New York Stock Exchange
Dow Rises Amid Boost in Prime Rate Hike Hinted
The New York market closed modestly higher as major banks announced a 6 percent prime rate rise to curb inflation. The Dow Jones Industrial Average finished near 2,480, up about four points on the day, with gains in Exxon, Kodak and IBM while oil stocks fluctuated and trading volume eased from the prior session.
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Organization of Petroleum Exporting
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Yanalyst
Middle East ‘Economic Journal
Alan Shaw
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Barney, Harris & Uparhany
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