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Newspaper
Daily Review
Location
Hayward, California, United States of America
Date
Dec 01, 1963
Page
18
Fragmentary notes report stock activity on the New York Stock Exchange with scattered names and phrases. The text hints at Atoka trades and market movement but is garbled and difficult to reconstruct into a full narrative.
The passage discusses how mutual fund shareholders react to stock market stress. It notes decreased redemptions and rising sales of new shares, while fund managers often act as buyers in such periods, affecting confidence among investors.
The week ended November 29 saw a range in Dow Jones closing averages. Trading activity reflected mixed sentiment as investors weighed market data and economic indicators.
Amid stock market volatility, mutual funds suspended redemptions to prevent a cash drain after President Kennedy's death. The AP average and Dow Jones surged on Johnson era optimism as investors stayed cautious about fund liquidity and the broader economic outlook.
Investors pour money into funds to buy securities for portfolios as stock writes fall. Fund executives signal a cautious stance, warning of potential bargains and market turbulence. Names mentioned include Ambitious firms and executives in the industry.
New York AP reports Wall Street struggled to rebound after Kennedy's assassination shock. The stock market fell last week, with a weekly loss offset by a small advance in market ticks, as traders absorbed the national tragedy.
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