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Newspaper
Independent
Location
Long Beach, California, United States of America
Date
Jul 28, 1976
Page
16
The Dow Jones Industrial Average falls about 7 points as traders react to indications of tighter Federal Reserve policy. Trading volume climbs with roughly 15.6 million shares changing hands on the Big Board, while losers outpace gainers in a broad market decline amid a volatile session and mixed price moves across dozens of NYSE listed issues.
VT TRUSTS Chairman Arthur Barns of the Federal Reserve said the Fed altered some targets for the money supply during a House Banking Committee session. Market indices moved: Standard & Poor's 600 up to 103.48, Big Board composite down to 55.31, American Stock Exchange market value index around 101.19, NASDAQ composite at 81.40, down 18.0 points.
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