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Newspaper
Independent
Location
Long Beach, California, United States of America
Date
Oct 24, 1974
Page
17
The Dow Jones Industrial Average fell sharply amid broad NYSE declines with 1,439 losers and 280 gainers of 1,771 issues traded. Analysts cited weak durable goods data and slow auto sales as signals of a slowing economy and potential recession.
Ford Motor and Chrysler act as top movers with large share blocks and price shifts while oil issues fall on White House windfall tax remarks. GM declines, industry forecasts warn of mid autumn sales drop, and overseas techs stumble as market indexes slide across Amex and NASDAQ signals.
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