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Newspaper
News
Location
Frederick, Maryland, United States of America
Date
Feb 01, 1995
Page
18
The report shows Dow Jones at 3843.86 down 11.78 with 41.1 million shares traded. Futures quotes for Wheat Corn Soybeans list opening highs lows and last prices across March May July and September contracts, with trading volume and open interest figures noted.
Wall Street rebounded with broad gains after President Clinton unveiled a self-executing $47.5 billion Mexico aid plan. Markets gained as optimism rose, while concerns about rates and Mexico's crisis lingered. The Dow rose 11.78 to 3843.86 as volume surged on the NYSE.
The Labor Department reports Employment Cost Index rose 3 percent in 1994, the smallest gain since tracking began in 1981, signaling limited inflation risk even as the Fed considers another rate increase. Analysts warn tighter policy could trigger a recession, while consumer confidence eased in January though remains near 1990 highs.
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