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Newspaper
Independent
Location
Long Beach, California, United States of America
Date
Dec 22, 1962
Page
5
Friday's closing prices at the New York Stock Exchange reflect turnover across major sectors with notable gains in industrials and declines in utilities. Traders watched financials for guidance as market sentiment swung on economic data and corporate results.
The report compiles stock index data and market movements for New York Securities. It highlights the Standard and Poor's index, notable price changes, and daily activity across industries, with emphasis on key names and sectors dominating trading.
A moderate market slide on Friday with a thin volume of about 74 million shares. The Dow Jones Industrial Average fell 2.14 points to 646.41 as General Motors tumbled while oils fluctuated and merger talk swirled around Pan American World Airways and Trans World Airlines.
UPI reports Christmas Eve will be observed as a holiday in foreign markets while U.S. stock exchanges remain open. All AU markets will be closed on Christmas Day Tuesday. Reading on price trends appears uncertain amid holiday schedules and market closures.
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