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Charleston Gazette in Charleston, West Virginia

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Newspaper

Charleston Gazette

Location

Charleston, West Virginia, United States of America

Date

Jun 09, 1971

Page

7

Glamors Fall From Grace Drag Market Down

The stock market slid on Tuesday with a wide retreat led by glamour issues. Traders stayed cautious amid speculation of potential interest rate increases as Wall Street faced its stiffest setback in two weeks.

New York Newton D. Zinder ELF, Hutton, & Co

Market declines hit many stocks on downbeat New York session

The Dow Jones industrial average fell 8.05 to 915.01 while the 60 stock Dow Jones average slid to 393.2, as banks worry of higher rates clouded trading. The NYSE index dropped 0.41 to 53.45 and the S and P 500 slipped 0.82 to 100.32 with volume around 3.33 million. Major losses hit steel, motors, rubber and utilities amid a broad market retreat.

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Also Mentioned on This Page

The Charleston Gazette New York Stock Exchange Bae Baty Marke IBM Sperry Mohawk Data Lion Mil Sciences Sniver Lion Sky Computer Amar Kmart Kodacolor Patrick Street Mart 5. 5. Kresge Company Gillette Razor Travel Gi Eavoramne
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