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Danville Register in Danville, Virginia

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This newspaper page contains 2 articles. Subscribers can read the full text of each article.

Newspaper

Danville Register

Location

Danville, Virginia, United States of America

Date

Aug 09, 1977

Page

6

Quotation Roundup Reflects Sluggish Market and Mixed Dow

The market faced higher rates and investor shift from stocks to Treasuries. The Dow reached intraday lows then recovered slightly, while S P 400 fell 29 to 107.61 and the composite slipped 77 to 92.99. Blue chips Du Pont, U S Steel, and General Motors declined, GM amid dividend hesitation. Basic Inc led gains, up 34 to 16, after reporting higher earnings. Cavitron dropped 44 to 15% on weak profits. Amex volume was light as the index slid to 120.17.

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Steady Decline As Rates Rise Clouds Market Outlook

New York AP report shows the Dow Jones Industrial Average sliding to a new intraday low amid rising short term interest rate fears. The 30-stock index fell 9.27 to 79.42 in a day of light volume as analysts warned higher borrowing costs could slow business expansion.

New York New York Stock Exchange Nyse-Lsted Federal Reserve

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