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Newspaper
Lubbock Avalanche Journal
Location
Lubbock, Texas, United States of America
Date
Sep 14, 1969
Page
7
New York agents describe a late week rebound in the stock market after a weak start. The Dow Jones industrial average tested the 800 level and held above support, prompting bargain hunting and renewed investor interest, according to Larry Wachtel of Bache & Co.
The weekly market summary shows the Dow up 4.75 points at 24.25, with the week’s gains driven by Federal Reserve Chief McChesney Martin suggesting inflation may have peaked and Nixon planning Vietnam consultations. Oil stocks rally on North Slope bids while profit taking and mixed news dampen momentum. The AP 60 stock average rose, the NYSE index gained, and volume hit a multiweek high as investors weighed Fed policy prospects and geopolitical signals.
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