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Price Jump Hits Wall Street As Banks Raise Prime Rate
New York shares tumbled after Bankers Trust and other big banks lifted the prime rate to 8 percent, signaling tighter money. The Dow fell about 6.7 points to 918.01 at close, with the S&P 500 dropping to 101.20 and broad losses across sectors.
MENTIONED IN THIS ARTICLE
New York
Bankers Trust Co. of
Midway Island
Nixon
South Vietnam
Thieu
Congress
New York Stock Exchange
Associated Press
Standard & Poor
Standard Oil
Ohio
British Petroleum
New York Exchange
American General
Surance
MacDonnell-Douglas
Boeing
United Aircraft
Tanadick Breweries
Rothmans
Pall Mall Canada
Philip Morris
Natomas
Continental
Mobil
Texaco
American ‘Telephone
American General Insurance
St. Regis Paper
Gamble-Skogmo
McCulloch Oil
Goodrich
Raytheon
Kennecott
International Paper
Procter & Gamble
U.S. Gypsum
Parvin-Dohrmann
Las Vegas
Nev
American Stock Exchange
Frices
Amex
Commonwealth United
Diversified Metals
Loew’s Theatres
Four Seasons Nursing
Automatic