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.
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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.
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