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Newspaper
Lubbock Avalanche Journal
Location
Lubbock, Texas, United States of America
Date
Jan 11, 1970
Page
7
The roundup covers gains and losses across major stock indices with notable moves in technology and energy shares. Bond yields fluctuated amid economic data while commodity prices extended ranges for oil and gold as traders weighed global demand signals and supply restraints.
The brief yearend rally faded as investors showed disinterest and the market drifted lower. Analysts noted expectations around Nixon’s State of the Union and fiscal 1971 budget as factors, with the Dow Jones average down about 11 points for the week and volume up.
Active cotton futures weakened over the past week on the New York Cotton Exchange with near month contracts dropping and a shift from March to May. Exports for the week ended Tuesday remained slow at about 14 000 bales, down from the prior week, while turnover reflected hedging and liquidation by traders.
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