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Newspaper
Danville Register
Location
Danville, Virginia, United States of America
Date
May 24, 1977
Page
7
The report presents Monday's NYSE close prices with high and low values, volume totals, and changes for equities. It notes the consolidating market tone and top listings as traders digest the day’s price action and sector movers.
Market signs show the Dow falling amid Middle East uncertainty after Israel's Likud win. Du Pont down 3 at 2s, IBM slumps to a yearly low, and Allied Chemical, Union Carbide slide while Standard & Poor's index dips.</s>
The NYSE composite index fell by 0.87 points while the American Stock Exchange index slipped 66 points to 114.07 and the NASDAQ composite declined as bellwether counters traded lower across the board.
A sweeping market update traces a volatile session with mixed gains and losses across major issues. Analysts note shifting investor sentiment and a broader move as the Federal Reserve tightens credit, impacting names like American and energy stocks amid broad trading activity and closing figures.
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