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Newspaper
Independent
Location
Long Beach, California, United States of America
Date
Dec 31, 1966
Page
4
The New York Stock Exchange recorded early morning transactions at 9 00 with trades noted by market update from Fred including movements in multiple securities as traders monitor opening volatility and price shifts.
New York stock activity closed the year with a volatile session as volume surged to 11.33 million shares, the third busiest day of the year and a seventh-highest total in market history. Declines outpaced advances, with major leaders like General Motors, Ford, Sears Roebuck and Magnavox among those listed. The Dow rose briefly before finishing lower, and the NYSE composite edged down slightly as tax selling pressured prices. The day featured broad participation across industries and a cautious tone as investors awaited lift in tax pressures.
Dow Jones closing averages show mixed results with values for several industrials utilities and rails. The Standard and Poor index reports modest gains while market tone notes cautious trading amid mixed sector performances and evolving investor sentiment.
Pacific Coast Exchange reports Roy Abernethy of AMC was the top paid executive for the fiscal year with earnings totaling 144,498 and a boost of 31,460 over 1985 compensation. The list highlights other significant company leaders and active stocks across industries.
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