Stock market slumps extend week as rates rise
New York markets fell as higher interest rates pressured stocks for a weak week. The Dow dropped 15.52 to 973.23 while the S and P 500 slid 1.08 to 100.18 and the Nasdaq-like NYSE composite fell 0.65 to 53.31. Volume eased and banks raised prime lending rates to about 7 percent.
MENTIONED IN THIS ARTICLE
NEW York
Standard & Poor
New York Stock Exchange
Donald C. Platten
Chemical Bank
London
Stocks Rally as New York Exchange Closes Higher
The New York Stock Exchange saw gains led by key industrials and finance names. Trading volume mixed as investors weighed earnings amid volatile market conditions and interest rate expectations.
Weekly Stox Dollac Leade TORK CAR
The readable fragments indicate a weekly stock or lead topic titled Weekly Stox with unclear branding. No concrete entities, dates, places, or outcomes are discernible from the provided text.
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