Interest rate jitters plague early 1984 stock market slide
Wall Street opened 1984 with a broad market retreat as interest-rate jitters weighed on prices. The Dow dropped 5.90 points to 1252.74, the NYSE composite fell 0.49 to 94.69, and banks cut broker loan rates amid higher overnight rates.
MENTIONED IN THIS ARTICLE
New York
Wall Street
New York Stock Exchange
NYSE
Newton Zinder
E.F. Hutton & Co. Inc
Federal Funds
New construction figures unchanged in November
U S spending on new construction held at a $271.9 billion annual rate in November, flat with October. Private non residential spending rose 5.1 percent while residential construction slipped 2.8 percent, and total construction remained 11.6 percent above a year earlier.
MENTIONED IN THIS ARTICLE
Commerce Department
Washington
Robert Ortner
Department
Ortner
Michael Evans
Evans Economics Inc
Murdoch Eyes Larger Stake in Warner amid Chris-Craft Deal
Rupert Murdoch may raise News America Publishing's Warner stake to 49.9 percent from 7 percent, via a federal filing. Warner's agreement with Chris-Craft to gain 19 percent voting stock and possible further share moves fuels speculation Murdoch seeks influence over Warner Communications, despite prior denials.
MENTIONED IN THIS ARTICLE
New York
Rupert Murdoch
Warner Communications Inc
Murdoch
Australia
Britain
United States
News America Publishing Inc
Warner Communications
Warner
Chris-Craft Industries Inc
Chris-Craft
BHC Inc
New York Stock Exchange
Geoffrey W. Holmes
Stanley S. Shuman
Allen & Co
U.S
Barbara Dalton Russell
Prudential Bache Securities Inc
T-bills rise to four month high on Treasury auctions
Yields on short term Treasuries edged higher in Tuesday auctions reversing a four week trend. The government sold about 12.8 billion dollars of new T-bills split between three month and six month maturities with higher average discount rates.
MENTIONED IN THIS ARTICLE
IBM
Robert Colby
Smith Barney
Harris Upham & Co. Inc
Commerce Department
Washington
New York
Chemical Bank
WPPSS
William Berls
Washington (Ap
Treasury
FDIC
FSLIC
Big Three Auto Makers Cut 1984 Prices Across Models
GM Ford Chrysler cut suggested retail prices by 7 to 15 dollars per vehicle after the federal tire tax was removed. GM trims 7 to 14, Ford 8 to 15, Chrysler 8 to 12, while AMC does not match the cuts citing existing sticker practices and dealer discretion on passing savings to buyers.
MENTIONED IN THIS ARTICLE
Detroit
U.S
General Motors Corp
Ford Motor Co
Chrysler Corp
American Motors Corp
John McCandless
Consumer confidence at five year high reports board
The Conference Board said the consumer confidence index rose to 94 in December from 90.2 in November, the highest since October 1978. Buying plans dipped overall with 30.8 percent expecting income rise in six months and appliance purchases up to 29.2 percent while car and home buying plans fell.
MENTIONED IN THIS ARTICLE
New York
U.S
Conference Board
Fabian Linden
Military items drive November U.S. factory orders gain
U.S. factory orders rose 2.2 percent in November led by defense capital goods up 60 percent of the gain. Excluding defense, orders up 0.9 percent with increases in transportation equipment and automakers and declines in machinery. Durable goods rose 3.6 percent while non-durables up 0.8 percent.
MENTIONED IN THIS ARTICLE
Washington
U.S
Commerce Department
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Bell Atlantic
Bell South
Nynex
Pacific Telesis Group
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US West
American Stock Exchange
Standard & Poor
S&p
Haller
Imicalbank
Peos
Hell
Highwater
Warner Bros
Atari Inc
McCandless
Harold Jackson
SHARP
Office Services Inc
Iowa City
Iowa
Chang Please Call Securities Corporation of
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SCI Financial Group
Second Avenue Southeast Post Office
Cedar Rapids
SIPC