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Newspaper
Independent
Location
Long Beach, California, United States of America
Date
Apr 29, 1959
Page
12
Space issues led profit selling on the New York Stock Exchange with volume rising to 3.92 million shares. Market breadth showed growth stocks advancing while key industrials and utilities drifted lower and turnover reached the strongest level in weeks.
The Dow Jones industrials end Tuesday at 629.87 with a 1.00 point drop. Rails and utilities show mixed activity with varied closing values amid a broad market drift.
The report summarizes widespread stock activity with the Dow-like indices, major industrials and utilities slipping while rails show mixed results. It highlights US Steel earnings, big steel stock movement, and the day’s overall market tone amid commodity and tool orders data.
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