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High Point Enterprise in High Point, North Carolina

07 Nov 1976

Page 7

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High Point Enterprise November 7, 1976 Page 7 old newspaper archives

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Newspaper

High Point Enterprise

Location

High Point, North Carolina, United States of America

Date

Nov 07, 1976

Page

7

Stock Market Drops After Carter Victory Sendoff

AP report details a volatile week as Carter wins election. Dow Jones falls 21.86 to 943.07, S&P 500 down 2.08 to 100.82, NYSE composite off .95 at 53.94. Trading volume rises with 20.05 million shares daily. Analysts cite policy uncertainty and economy outlook under Carter. oil stocks falter ahead of OPEC decisions. Industrial stocks show mixed reactions.

MENTIONED IN THIS ARTICLE

Chet Carrier NEW York (Ap Carter Standard & Poor New York Stock Exchange Ford Washington
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Economy Weak Amid Transition as Prices Rise and Spending Bets Grow

The economy shows weakness into the transition period with a 7.2 percent annual rate rise in wholesale prices for Q4 and a mixed batch of leading indicators. Housing and capital spending look to lift activity next year, while Ford posts a 25 percent drop in Q3 earnings due to a strike. Amtrak plans $450 million in new equipment as part of a $1.1 billion capex program to 1981.

MENTIONED IN THIS ARTICLE

New York Labor Department Commerce Department McGraw-Hill McGraw- Hill F.W. Dodge Ford Motor Co Amtrak
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Also Mentioned on This Page

Organization of Petroleum Exporting Countries American Stock Exchange Market Value Index Associated Press S.S. Kresge Co Sears, Roebuck & Co Xerox Bint Blueprinters Brentwood St High Point N.c HIGH Jarrett Pri N. Main St Friendly First Jamestown Main St Thomasville
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