Blue Chips and Oils Lead Broad Stock Gains
New York investors bought heavily in oils and blue chips Friday as institutional funds flowed into big blocks. Standard & Poor’s 500 rose to a record 72.04 while the Dow gained 178 to 728.23 and the Associated Press average moved up to 265.10. Industrials, rails, and utilities showed mixed gains with aerospace, tobacco, airtimes, and electronics also performing well.
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Dow Jones closes higher as gains spread across indices
New York reports a closing range of averages with the Dow Jones Industrial averages up modestly. The day shows gains across rails utilities and industrials as overall market activity ends with mixed but positive moves and notable small increases in several stock groups.
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