Market slips as Dow dips below 800 in broad retreat
The Dow Jones Industrial Average falls 7.61 to 795.85 as retailing and drug shares lead losses, while overall volume rises slightly to 53.44 million on the NYSE. Broader indicators hit new lows amid cautious mood and hopes for a recovery fade, with Nasdaq down to 165.15 and S&P indices lower across the board. Major decliners include J C Penney Federated Merck Eli Lilly Pfizer and Kmart as traders weigh recession prospects and rate moves.
MENTIONED IN THIS ARTICLE
New York
Dow Jones
New York Stock Exchange
Dow
Wadnassay
J.C. Penney
Federated Department Stores
Kmart
F.W. Woolworth
Eli Lilly
Merck
Pfizer
NYSE
S&p
CSK Corp
Clorox
Cotany
Exxon BK
Fairchild Ind
Gulf Oilms
Sh Kmart
Litton
K Marriott Corpist
MD Nail Cp
Mercantile Bakshi
Mobil
Sears Safewy
Standex
Tandy
Texaco
USFG
Warner L
Wash Gs
Whittak
Woolworth
Baker Watts & Co
Frederick
Grimshaw CPA Opens New Office at 43 W Patrick St
Christopher K. Grimshaw CPA unveiled Mis Ollies Lo a Hew Site at 43 W Patrick St with four staff in remodeled offices. The firm offers tax prep payroll service bookkeeping and advisory services with both computer and manual methods and plans financial statements. Mayor Ronald N. Young attended the opening tour on Thursday.
MENTIONED IN THIS ARTICLE
Christopher K. Grimshaw
CPA
W. Patrick St
Frederick
Peyroll
Mis Ollies
Grimshaw
NRC allows Clinch River breeder reactor construction
The Nuclear Regulatory Commission voted 3-1 to waive licensing rules and permit start of construction on the Clinch River Breeder Reactor in Oak Ridge Tennessee. Opponents from NRDC and Sierra Club plan court challenges while supporters led by Senate Leader Howard Baker push forward amid prior delays and $2.2 billion already spent.
MENTIONED IN THIS ARTICLE
Washington
Nuclear Regulatory Commission
Clinch River
Shelby Brewer
Wunces
Pam
Natural Resources Defense Council
The
Sierra Club
Senate
Howard Baker
Tennessee
Oak Ridge
Tenn
Congress
Carter
James Davidson
National Taxpayers Union
Auto industry faces two year low in July production
Automotive News reports July U.S. car output at 455,558 vehicles, down 12.1 percent from July last year, the lowest since July 1960. Truck production rose to 161,912, the best month since July 1879, while hourly autoworkers on indefinite layoff rose to 213,921 across five major automakers.
MENTIONED IN THIS ARTICLE
Detroit
U.S
Industry Trade Journal
Automotive News
Trade Journal
Chrysler Corp
Ford Motor Co
Peoples Drug Stores Inc
NYSE
Peoples
Edison
N.J
Wayne
Mich
Louisville
Ford
Chicago
Atlanta
Lorain
Ohio
San Jose
Calif
Chrysler
American Motors Corp
Volkswagen of America Inc
FAA
Westmoreland
South Charleston
W. Va
Dateenalive News
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Pennsylvania State Universit
Giliiview
eGuci
Speaacs
Maryland
Florida
Christine Grimshaw
Donis Lake
Barbara Keeney
Ronald N. Young
Ed Waters Jr
Bank OF
Harpers Ferry
West Virginia
FDIC
Federal Reserve
North Market
Ligon & Ligen
Capt. Co
Pascoraby
Third Street
Photomakers Jr
General Motors Corp
Baltimore
Japan
Mount Fuji
Patrick
Freetenck
Sao Se
Michael Whittaker
Angeles Realty Corp
Sheraton Inn
Francis Scott Key Mall
Dukes
Legg Mason — Inc, Mackhorse
West
Patrick Street
Frederick, Maryland
Hes Tetany