Stock Market Slumps After Oil Uncertainty Dow Jones Drops
The Dow fell 492 to 752.82 as investors pulled back despite Morgan Guaranty Trust cutting its prime lending rate to 7 percent. Oil price uncertainty, Ford's tariff fate, and air depletion aid debates kept markets wary, with Exxon, Getty Oil, and Kerr-McGee among the hardest hit. Airlines, drugs, and photo stocks lagged while gold issues and Coca Cola rose on dividend news. Broad market indexes declined and volume was heavy but below prior day.
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NYSE prices and market activity are summarized with numbers and company names. Trade totals, price changes, and notable movers are listed, reflecting midweek activity in New York.
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