Market Drops For Second Straight Session Amid Profit Taking
The Dow Industrial Average fell 5.57 points to 885.76 as investors booked profits after a sharp run. Analysts blamed inflation fears and a possible credit crunch for lingering caution. NYSE volume was 12.69 million shares with Interstate Stores leading declines and IBM down 7%.
MENTIONED IN THIS ARTICLE
New York
Alan C. Poole
Laidlaw- Coggeshall, Inc
Alan R. Shaw
Harris, Upham & Co
Hoyle
Poole
New York Stock Exchange
NYSE
Interstate
Telex Corp
IBM
Phillips Petroleum
North Sea
Munford
Essex International
Dow Jones Closes Mixed In Daily Trading Report
AP brief notes the Dow Jones averages showing mixed results with declines in some indices and gains in others. Trading volumes and sector movements across utilities industrials and rails measured in percent changes and point shifts.
Stock price snapshot from NASD interdealer market activity
Representative NASD interdealer prices at around 1 pm show mixed trading across issuers such as Anheuser, Cal-Maine Foods, Pennzoil Offshore, and ShopRite funds with various per-share figures. Market commentary notes prices changed through the day and do not include retail markups, markdowns, or commissions.
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