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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 26, 1970

Page

3

New York Stocks Plunge as Dow Drops After Kennedy Trap

NEW YORK AP Stock prices fell sharply on Monday as the Dow Jones industrial average dropped 20.81 to 641.36, the lowest close since December 1962. Volume rose to 12.66 million shares with decliners leading advancers 370 to 130, amid unprecedented market jitters following Kennedy’s assassination era context and calls for a business labor conference to address the decline. The NYSE composite slid, with major issues like Armour and Kodak retreating, while Amex also closed lower.

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