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Market ends lower as Watergate headlines spook investors
The New York stock market closed down amid inflation fears and Watergate turmoil. The Dow fell 0.76 to 921.43, its yearly low, with the broader NYSE index at 50.73 and NASDAQ down 85. Declines outpaced advances 826 to 585 as traders watched firings and resignations tied to the scandal.
MENTIONED IN THIS ARTICLE
New York
Washington
Monte Gordon
Dreyfus Corp
Martin L Goodfriend
Bruns. Nardeman & Co
Ward
Congress
New York Stock Exchange
American Stock Exchange
Gulf Oil
International ‘Telephone
Centex Corp
American Telephone
Southern Cy
Dows
Amex
Action Industries
Lata