Market Rebounds End Of Week After Consolidation
New York AP reports a sharp late week reversal ending a six session consolidation. Leading indicators rose in December while earnings upgrades and strong blue chip trading signaled renewed buying. Dow fell 1.06 for the week, while Nasdaq and S&P moved higher amid brisk volume.
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New York
John J. Smith
Fahnestock & Co
Smith
American Stock Exchange
Associated Press
Mohawk Data
Memorex
Algum
General Foods
Central Data
Natonal! Cash
Seveen
Cotton futures drift after week of declines on New York market
Active cotton futures prices fell during the first three days of the past week with only modest recovery by week end. For the week, New York Cotton Exchange contracts posted net declines of around 97 points, while total turnover neared 75.4 thousand bales and open interest rose to a peak not seen since 1956-57, driven by Census and Agriculture Department reports influencing supply and planting expectations.
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