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Bridgeport Telegram in Bridgeport, Connecticut

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This newspaper page contains 2 articles. Subscribers can read the full text of each article.

Newspaper

Bridgeport Telegram

Location

Bridgeport, Connecticut, United States of America

Date

May 14, 1977

Page

12

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.

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.

New York Josérs Sy New York Stock Exchange NYSE Dow Organization of Petroleum Exporting Plang Yanalyst Middle East ‘Economic Journal Alan Shaw 4 Pmith Barney, Harris & Uparhany

Also Mentioned on This Page

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