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Newspaper
Lubbock Avalanche Journal
Location
Lubbock, Texas, United States of America
Date
Jan 08, 1966
Page
5
New York stocks rose as late session demand rescued prices from a late decline. The Dow Jones and other averages closed near session highs after heavy trading, with several leading issues lifting the market and extending gains.
In New York, trading closed with a mixed mood as investors weighed ongoing banking sector developments and federal notes. Analysts cited fluctuating bond yields and a cautious stance ahead of key economic data due later in the week.
New York stocks show slight declines with the Dow Jones Industrial Average around 2067 and overall industrials down modestly. The market data reflect varied performance across sectors including rails and utilities amid unsettled conditions.
New York bond prices firmed while corporate issues moved in tandem as Treasury issues advanced and most stayed unchanged. Traders logged a daily volume near 10.09 million dollars in par value, reflecting a cautious risk appetite across debt markets.
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