Indecision on Wall Street Leaves Markets Mixed
New York trading saw uneven moves with stocks closing higher despite a session of volatility and light to moderate volume. Analysts cite lack of a clear trend, noting price gains amid indecision in broad sectors across major listings.
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New York
Mutual Funds Ups and Downs Over the Counter
Investment notes describe the volatile movements of mutual funds with daily gains and losses. Analysts discuss market factors influencing price swings and the role of over the counter trading in liquidity and accessibility for small investors.
New York Stocks See Market Pressure Amid Inflation Talk
The AP reports prices show declines and gains across major indexes with the Dow Jones Industrial average around 24425 in the session. Banks raise prime rates to 7.4 percent, the dollar weakens overseas, and analysts note inflation worries could curb further gains.
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Labor Department
Monte Gordon
Dreyfus Corp
Market Update Highlights Light Volume and Key Movers
Grain market chatter from Larry Wachtel of Bache & Co notes light market activity with no clear trend. The New York Stock Exchange index rose 0.77 to 55.68 as Amex up 0.07 to 22.47. Winnebago leads volume amid cuts and layoffs, Avis slides despite questions on leasing profits, Colgate-Palmolive rises as it defends its Helena Rubinstein move, TWA warrants fall, Nasdaq Composite climbs to 102.57.
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Market at a Glance Chicago Stocks and Commodities
Wheat and corn prices hit limit down while oats and soybeans also fell. OTC 670 up 433 down. NASDAQ 102.57, Dow Jones 30 up 11.44 to 909.62. Early rally on inflation hopes faded after White House statements, then recovered amid renewed anticipation. Vol 14.16 million shares.
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