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Lubbock Avalanche Journal in Lubbock, Texas

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Newspaper

Lubbock Avalanche Journal

Location

Lubbock, Texas, United States of America

Date

May 25, 1976

Page

10

Unsettled Market Drops on Rate Hike Fears in New York

The Dow fell 19.22 points to 971.53 in a broad session with about 11 to 2 losers. NYSE volume was light at 16.56 million shares, while S P 500 slid 1.82 to 99.44 and the composite index dipped to 53.04. Analysts cited expected higher bank prime rates as the Fed signaled restraint on money supply growth.

New York Wall Street London Federal Reserve Fed Standard & Poor NYSEE Interior Department Alaska

Presley Cos Stock Exchange Debut For First Time

In a cautious trading session Presley Company shares opened with a muted response as investors weighed a new device claim and potential impact on market value. Analysts noted volatility and a dip in early prices while broader sentiment remained mixed.

Presley

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