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Newspaper
Danville Register
Location
Danville, Virginia, United States of America
Date
Jun 14, 1977
Page
8
The New York Stock Exchange presents a complete listing of quotations observed on Tuesday. Trading activity shows varied levels across major sectors with notable moves in industrials and utilities. Prices, volumes, and index references reflect a steady, cautious tone amid market fluctuations.
New York stock averages edged up on Monday aided by signs that interest rates may ease. The Dow Jones Industrial Average rose about 1.61 points, volume on the NYSE reached 9.25 million shares, and the NASDAQ composite edged higher. Brokers noted rates clawing back into a more comfortable range, with analysts citing a tentative rise in market activity despite a cautious push near midday.
The report chronicles a flurry of banking and stock activity as Morgan Guaranty Trust lowers its prime rate from 6 percent to 4 percent, CitiBank adjusts its blue chip loan pricing to avoid a rise to 7 percent, and major indexes show volatility. Amid the financial jitter, Twentieth Century Fox's Star Wars garners attention while other studios post mixed results. gold stocks move and oil prices pause at notable levels as the New York Stock Exchange closes the day mixed.
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