Market Falls Again As Dow Tumbles In Blue Monday Lull
New York reports another blue Monday as the Dow Jones Industrial Average plunges to new lows for the year, down 12.59 to 792.03. Industrials slid 6.2, rails 3.3, and utilities 2.6, with volume rising to 8.69 million shares. Analysts cite tight money, recession fears, and labor issues as drivers, noting 1,448 issues traded with 1,147 declines and 130 advances. Major losers include Delta Airlines, Northwest, IBM, Xerox, and Bristol-Myers. Sperry Rand is the most active.
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