Stock Market Dives to Seven Year Low Then Rebounds
New York stocks slid to a seven year low with the Dow blue chips dropping sharply before a late buying surge trimmed losses. The 30 industrials closed down 9.91 at 684.79 as Memo Rex and Burroughs showed gains while IBM and Xerox slipped from earlier declines.
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New York
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Memorex
Xerox
Burroughs
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New York Stock Exchange
Associated Press
Standard and Poor
Telex
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Markets and Treasury Yields in Early Afternoon Trading
In New York, stock markets show mixed movement as traders monitor Treasury yields and corporate listings. Bond prices ease while the Dow Jones and Nasdaq report modest gains amidst sector shifts and weather-influenced trading activity.
Dow Jones Averages Close Mixed on Thursday
Dow Jones closing averages show Industrials at 684.78 with a 2.05 drop and Transports down 2.21. Utilities slip 0.32, Stocks down 2.70, while Rails and other bonds move modestly, with the commodity index easing to 133.66.
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