Banks Cut Prime Rate Boosts Market Rally
Widespread reductions in the bank prime lending rate sparked a modest stock market advance led by the Dow Jones Industrial Average, as investors welcomed rate cuts amid profit pressures. The Dow rose about 2.4 points, with heavy volume and gains for AT&T, Rohr, and Aguirre, while retail sales and other indices showed mixed strength. The NYSE listed stocks traded around 25.96 million shares, aided by lower rates and a buoyant yield environment.
MENTIONED IN THIS ARTICLE
NEW York AP
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Oper m
Commerce Department
Ugates
Blanchard & Poor
S&p
American Telephone & Telegraph
Rohr
Navy
Aguirre Co
Puerto Hito
Most Active Stocks On New York Exchange
New York Stock Exchange activity leads with top traded stocks including General Motors, Texaco, and others. The report lists bid, ask, and price changes as 4pm sales data show movements across industries and major names.
MENTIONED IN THIS ARTICLE
New York
New York Stock Exchange
Mary Ton
Gen Motors
BBS Bio & Texaco
NorkWie
WG Ba
Gen Rice Vaio Satie IntTelTeche
Gontostru
Teanga NP
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