Wall Street closes lower amid mixed.
New York stocks end the day lower as the Standard & Poor index dips while industrials show modest gains. Investors react to mixed earnings and ongoing market volatility with notable declines in rail, utility, and banking issues and pockets of strength in airlines and consumer goods.
Markets at a Glance Pacific Coast Exchange Prices
The Pacific Coast Exchange reports mixed prices across commodities with gentle gains in some grains and steady to lower tones in others. Wheat soybeans and corn show varying shifts while livestock and citrus sectors reflect modest movements in a calm trading day.
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Matti
Stock market mixed amid crosscurrents as IBM drops
New York stocks rose slightly with gains in McDonnell Douglas and Douglas Aircraft after merger news, while IBM tumbled. Dow closed at 833.23 down 1.89. NYSE composite at 45.05 and S&P 500 at 84.3. Trading volume 10.28 million.
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