Market Post: Dow Drops to Lowest Since 1966 Slump Deepens
The Dow Jones Industrial Average fell 4.89 to 763.99, the lowest close since October 11, 1966, while the NYSE composite slid to 49.03 and the S&P 500 declined to 87.62. Analysts cite lack of incentive to buy amid Nixon budget details and broad investor caution as declines outpace advances for the second day.
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Dow Jones Averages Update From New York Markets
The Dow Jones industrials close with mixed results as indices show declines in several groups while transportation and utilities rise. The commodity index stands at 924.95 with a 0.27 point gain, and overall trading reflects modest shifts across sectors in a single Tuesday session.
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