Stock Market Turns Cautious Amid Growth Doubts in 1977
New York analysts flag slower expansion and uncertain 1978 prospects as investors shift to caution. Thomson McKinnon urges care, citing peaks in activity and mild gains ahead, while Schultze says growth will stay healthy enough for a solid year. Dow dips to 910.79, S&P rises to 98.46.
MENTIONED IN THIS ARTICLE
New York
Thomson McKinnon Securities
Cau
Thomson McKinnon
Harry Zisson
Charles Schultze
Carter
Congress
New York Stock Exchange
Zisson
Manufacturers Hanover Trust
Second Quarter Report May Reflect Recovery
Economists see a steady rebound into the second quarter with better consumer spending and firmer corporate profits. Data Resources projects after tax earnings around 955 billion for Q2, up 9 percent from QT1 and about 15 percent above 1976.
MENTIONED IN THIS ARTICLE
Otto Eckstein
Data Resources Inc
Eekstein
Commerce Department
Data Resources
Chase Econometric Associates
Cox
Merrill Lynch Economics
American Statistical Association
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