Mass psychology, not events, drives stock markets
AP analyst argues markets move on mass psychology rather than day to day world events. He notes 100 forecasters offered varied reasons, yet the market has stayed largely flat since February, with Dow near 1.00 and no clear, reliable answer. Years of theories aside, uncertainty sustains Wall Street.
MENTIONED IN THIS ARTICLE
John Cunniff
New York
Mideast
Commerce Department
Wall Street
Reserve
Washington
President’s Council of Economic Advisers
Weather outlook for North and South Carolina
Partly cloudy and warm with highs in the 80s across North Carolina and the mid to upper 80s in South Carolina. Tonight lows in the 60s with possible fog and light showers this evening. Tuesday brings more clouds and showers or thundershowers, mainly afternoon and coastal areas. Extended outlook through Wednesday to Friday shows mild conditions with continuing chances of showers, especially Wednesday and Thursday, and cooler mountain temperatures.
MENTIONED IN THIS ARTICLE
Greater
High Point
North Carolina
South Carolina
Southern Wages Rise Faster in the South in Q1
The U S Labor Department reports nonfarm wages and salaries in the South rose 2.4 percent in the first quarter, above the national 1.9 percent gain, while the consumer price index in the South rose less than one percent from December 1975 to March 1976. Data cover District of Columbia and 16 states including Alabama Arkansas Delaware Florida Georgia Kentucky and Texas.
MENTIONED IN THIS ARTICLE
Atlanta
South
U.S. Department of Labor
Brunswick A. Bagdon
Labor Department
Bureau of Labor Statistics
District of Columbia
States
Alabama
Arkansas
Delaware
Florida
Georgia
Kentucky
Louisiana
Maryland
Texas
Virginia
West Virginia
North Central
Should POWs Have More Latitude In Code Of Conduct
Washington AP A Pentagon panel reviews the military code of conduct with Vietnam era prisoners as debate over whether POWs should have leeway beyond name rank service number and birth date. Some freed POWs argue for tougher limits while others say enduring torture may force disclosure. The panel, including four former POWs, reexamines the 1955 code and how it worked in Vietnam.
MENTIONED IN THIS ARTICLE
Fred S. Hoffman
Washington
Pentagon
Defense Review Committee
Tourism surges in North Carolina Bicentennial year
North Carolina tourism rebounds with record attendance at Bicentennial sites such as Tryon Palace New Bern Halifax Old Salem and Moore s Creek. Outer Banks sees sharp growth as travel director William Arnold cites economy gasoline supply and widely aired Bicentennial ads as factors. Visitors to welcome centers up 25 percent in first five months of 1976 and inquiries rise 45 percent.
MENTIONED IN THIS ARTICLE
Tryon Palace
New Bern
Halifax
Old Salem
Moore's Creek
William Arnold
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