Stock Market Plunges Amid Bankruptcy Fears and Rate Hikes
New York stocks fell to a two year low as fears of bankruptcy and high interest rates spurred a broad sell off. The Dow dropped to 791.48, NYSE averaged 61.96, and NASDAQ slid to 169.85 with heavy volume across exchanges. Big declines hit oils and mining shares while traders shifted toward cash and money markets.
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New York
UPI
Standard & Poor
Ities
Texaco
IBM
Sony Corp
Amex
Chieftain Development
Dome Petroleum
Husky Oil
Argentine Junta Ousts Galtieri Amid Falklands Fallout
General Leopoldo Galtieri resigns as president and army commander amid faltering Falklands war, signaling possible civilian or air force leadership in a junta shakeup. Cristino Nicolaides named new army chief while Alfredo Saint Jean could serve as interim president. Jorge Anaya to remain navy head. Dozo or civilian candidate eyed for permanent presidency.
MENTIONED IN THIS ARTICLE
United Press International
Leopoldo Galtieri
Falkland Islands
Galtieri
Telam
Air Force
Basilio Sami Dozo
Britain
Sami Dozo
Cristino Nicolaides
First Army Corps
Buenos
Aires
Nicolaides
Stanley
Reagan attacks USSR record of tyranny at U.N.
President Reagan condemned the Soviet Union for tyranny and atrocities at a U.N. Special Session on Disarmament. He urged authentic verification and warned that arms control must be kept, not blown away by war, with independent investigations into chemical weapon use in Afghanistan and poison gas in Laos and Cambodia.
MENTIONED IN THIS ARTICLE
United Nations
UPI
Reagan
U.N. Special Session
Moscow
Gromyko
Anatoli Dobrynin
United States
Voice of America
Afghanistan
Laos
Cambodia
U.N
Kremlin
Soviet Union
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Dow Jones
Dow
Midwest Stock Exchange
Comark
Newport Beach
Calif
NYSE
U.S
American Stock Exchange Index
National Association of Secur
Alfredo Saint Jean
Leopoldo Galtier
Ussr
Ron
Ronald Reagan
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