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Labor Talks Darken Wall Street as Auto Strike Fears Grow
The stock market fell for the first time in two weeks amid labor negotiations with the auto industry. Some brokers feared the 74 percent first year wage offer could push toward a September 15 strike while others cited weak July orders and construction data. Dow declined 6.43 points to 758.15 as both exchanges showed more losers than gainers.
MENTIONED IN THIS ARTICLE
New York
Wall Street
United Auto Workers
Commerce Department
Arket
New York Stock Exchange
American Stock Exchange
Amex
Associated Press
Standard & Poor
Ford
Chrysler
General Motors
American Motors
Uniroyal
International Harvester
Minnesota Mining & Manufacturing
Republic Corp
Jim Walter
Downs
Texas
Gulf
Natomas
Litton Industries
Computer Science
Atlantic Richfield
Texaco
Electronic Memories & Magnetics