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Independent in Long Beach, California

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Newspaper

Independent

Location

Long Beach, California, United States of America

Date

Apr 10, 1975

Page

19

Second best gain of year in steady stock rally

The New York stock market posted its second best gain of the year as the Dow rose 18.77 to 767.99 aided by signs credit markets withstood pressures from the federal budget deficit. The S&P surged 1.83 to 2.84 and the NYSE composite rose to 43.88 amid broad gains. volume climbed to 18.12 million shares despite a 26 minute halt. Major blue chips including IBM, Johnson & Johnson, Eastman Kodak, and Union Carbide led advances while oil stocks like Exxon and Atlantic Richfield rose modestly. The Amex value index jumped 1.27 to 60.32 and the NASDAQ composite gained.

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