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Newspaper
Independent
Location
Long Beach, California, United States of America
Date
Jan 21, 1959
Page
7
Traders at the New York Stock Exchange faced a choppy session Tuesday with closing prices mixed across sectors. Investors weighed corporate earnings and market signals as prices fluctuated, with emphasis on financials, technology, and energy names amid shifting interest rates and economic data.
Market report shows uneven Dow Jones performance with mixed close figures. Industrials rise while other sectors pull back as traders weigh outputs and economic signals.
The Standard & Poor's 500 stock index figures show mixed movements with high and low readings. Industrials data appear compressed, and the closing value shifts are modest amid fluctuating market activity.
AP News reports a jagged stock market rally to new records as gains in industrials and airlines offset declines. Traders noted modest short interest drop and a big firm earnings day with American Motors drawing attention for record profits and tax implications.
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