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Stocks and bonds slump as market closes lower
New York stocks and bonds fell sharply on Thursday with the Dow Jones Industrial Average down 6.24 to 910.45 amid renewed fears over the international monetary situation. The New York Stock Exchange dropped 18 points to 58.42 on 1,406 issues, with 543 advances and 820 declines. Major movers included Occidental, Veranda, American General Insurance, and Uniroyal, as traders watched fund redemptions and a Fed stance on foreign exchange markets.
MENTIONED IN THIS ARTICLE
New York
Ronald Cooper
W.E. Hutton & Co
Federal Reserve
U.S
Johnson
American Stock Exchange
Occidental
Soviet Union
Libya
Price Commission
American General Insurance
Uniroyal
General Foods