Stocks Slip After Dow 1000 Push Amid Market Swings
Wall Street shows a choppy session as the Dow Jones Industrial Average and other indexes swing between gains and losses. Trading activity features prominent names like Texaco, RCA, Ford, Exxon, and General Electric with mixed results and notable price moves across sectors.
Market mixed as banks cut prime rate spurs hope
New York stocks ended lower after mixed trading as major banks Morgan Guarantee Trust and First National Bank of Chicago cut their prime lending rates from 7 to 6 3/4 percent. The Dow fell 58 to 994.51 while the Standard & Poor’s 500 gained modestly and the NYSE composite edged up.
MENTIONED IN THIS ARTICLE
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Morgan
Guaranty Trust
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Bank of St. Louis
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Ingersoll - Rand
General Tire
RKO General
Ropean
ASA Ltd
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