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Newspaper
Danville Register
Location
Danville, Virginia, United States of America
Date
Aug 12, 1977
Page
8
New York Stock Exchange close values were compiled with price and volume data for listed securities. The report lists investors and entities across sectors, noting market performance and notable movements on Thursday with summary figures and percentages for major listings.
New York stocks tumbled Thursday after a brief midweek rally, the Dow Jones industrial average slipping 9.60 to a near 10 year low around 745. The drop came as credit-tightening signals from the Federal Reserve raised fears of slower growth. Leading decliners included General Motors, while Miller-Wohl stood out among a few gainers amid broad market weakness.
In New York, stocks edge higher on merger talks with Amex and Dow driven gains. Inmont climbs 24 percent to 28.14 while Gar Tier slips 4.5 percent after merger plans. The Amex index gains 21 points, Nasdaq up 13, signaling broad market strength amid company announcements.
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