Market nerves hold Dow around 820 840 amid oil price fear
Wall Street steadies in the 820 to 840 range as investors weigh OPEC price hikes and a weak dollar. Analysts flag political risks from Arab creditors and SEC Rule 390 questions, while mergers like Lehman Kuhn Loeb illustrate consolidation. Argo Petroleum and other picks show varied growth and valuation signals.
MENTIONED IN THIS ARTICLE
Organization of Petroleum Exporting Countries
Securities and Exchange Commission
New York Stock Exchange
NYSE
SEC
Lehman Brothers Inc
Kuhn Loeb & Co
Argo Petroleum Corp
OTC
Nasdaq
Argo
Recession Not Seen For U S in 1978
The Conference Board projects the United States will avoid a recession in 1978 with growth at 4.2 percent, slower than 1977’s pace, while inflation and unemployment remain high. Consumer prices may rise 6.2 percent, wholesale prices 6.1 percent, and unemployment average 6.7 percent.
MENTIONED IN THIS ARTICLE
NY Times News Service
New York
United States
Conference Board
the Board
Albert T. Sommers
Economic Forum
Mopeds Poised for U.S. Boom In 1978 Ad Push
UPI reports mopeds gain momentum as redefining laws turn them from motorcycle subcategory to bicycle like status in 33 states. Piaggio and Co. executives expect 250,000 on U.S. roads with sales near 500,000 next year, led by Chicago area and major cities.
MENTIONED IN THIS ARTICLE
Chicago
UPI
Europe
Piaggia and Co
Porrati
National Safety Congress
Illinois
Chicago-area
Vespa
Ciao
Bravo
Also Mentioned on This Page
Johannes Steel
Wall Street
Carter
International Monetary Fund
Egypt
Israel
U.S
Texas Gulf Coast
Refugio County
Drexel Burnham Lambert Inc
Legg Mason Wood Walker Inc
Drexel Burnham
Legg Mason
Applied Devices Ase
American Express Co
Applied Devices
American Express
Applied Devices Corp
Addressograph Multigraph Corp
Addressograph
LAS Vegas Sun
Applied
Adobe Oil & Gas
Penn Life Otc
Houston Oil & Minerals Ase
Austral Oil
Baxter Travenol Labs
Royal Dutch Petroleum
Royal Dutch
Michigan
Aun
Vun Rover
Ysoa Choice
Sirlow K
Lamb
TE Coan
Highland OR
Rte
Sas
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