Market ends gain as stocks hit new highs in session
New York stocks advanced for a second straight session with the Dow closing at 789.86 up 6.07 and the 1200-stock NYSE index up 9.42 to 51.00 amid broad gains across motors, electronics, utilities and rails. Analysts cited Fed remarks and tax reforms as catalysts, while profit taking and tax-loss selling tempered gains late in the day.
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Arthur F. Burns
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Senate Banking Committee
Newton Zinder
Ef, Hutton
Federal Reserve
Richard Scruggs
Goodbody & Co
Associated Press
Standard & Poor
Mapec Inc
Fedders
Arromatic Radio
Tmt, Corp
Dixilyr Com
Alaska Inter
Sta's
Ita
Fourse Nursiner
Markets at a Glance Stocks Higher in Active Trading
NY market summary shows stocks rising amid active trading with gains in durable goods and food trade. Cotton unstable on light turnover while wheat prices firm due to strong demand and higher receipts. Major listed companies include US Steel and Bell Electric with several others showing mixed changes.
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