Winds of Change On Wall Street in 1971
Wall Street faced a turbulent year as inflation fears, rising interest rates, and international monetary concerns shook markets after a strong start. NASDAQ formed an automated OTC quotation system while NYSE restructured commissions and discussed public ownership shifts amid a volatile bond market.
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Auto-Making Industry Ends on Record Note
Detroit report notes the U.S. auto industry ended the year with a sales record despite imports and regulation. Through November 1965 observers projected a 10 million plus total, aided by price freezes, improved profits, and recalls affecting GM and AMC’s 1972 models.
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