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Independent in Long Beach, California

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Newspaper

Independent

Location

Long Beach, California, United States of America

Date

May 04, 1976

Page

10

Wall Street Slumps At Open As Market Expects Fed Action

NYSE stocks tumbled on Monday with the Dow Jones Industrial Average down about 6.59 points to near 990.32 as investors priced in potential federal reserve moves. Trading volume reached 18 million on NYSE and 4.0 on Nasdaq, with declines led by broad sector losses and a cautious outlook on money supply and interest rates.

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