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Market Slump as Trading Tapers in New York
The stock market closed lower on Thursday with the Dow down 3.64 to 893.15 as trading slowed. Volume stood at 12.85 million shares, vs 14.2 million the day before, with 664 declines and 633 advances among 1,526 issues traded. The market faced pressure from tax cut, spending, inflation, and deficit concerns amid weakness in machine tools, autos, and retail.
MENTIONED IN THIS ARTICLE
New York
Dow Jones
Gaing
Washington
United States
Associated Press
Standard & Poor