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Tax selling weighs on New York stocks as market declines
Tax selling dominated Tuesday trading with the Dow Jones and S&P indexes slipping while volume rose. Investors shifted to realize 1969 profits ahead of new tax-reform rules, pressuring shares across sectors from oils to hardware and utilities.
MENTIONED IN THIS ARTICLE
New York
T Ee
Depayee
New York Stock Exchange
Jton Zinder
E.F. Hutton & Co
Associated Press
Sandard & Poor
Bio Board
G. D. Searle
Magnavox
S&to
Occidental
Petroleum
Vay Gulf Oil
Hese
Continental Oil
Standard Oil of
New Jersey
BSA
Atlantic Richfield
Great Western Financial
Savings and Loans
IBM
Polaroid
American Stock Exchange