Small gain in stock market on tentative rally
The Dow rose 5.51 to 2693.29 as early momentum faded after a strong start. NYSE advancers led 819 to 662 with 512 unchanged amid 150.06 million shares traded. composite indexes in S and P rose while NASDAQ fell. Housing starts up 0.8 percent to 1.43 million, industrial output up 0.2 percent, but inflation easing hinted.
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NEW York
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Wilshire Associates
NYSE
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IRS Seminar Helps File Magnetic Media Returns in Hagerstown
The Internal Revenue Service will hold a seminar on August 23 in Hagerstown to assist taxpayers who file information return documents on magnetic media. Reservations can be made by calling (304) 263-8700.
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Internal Revenue Service
Hagerstown
Cailing
Industrial output rises as housing starts rebound in July
Industrial production climbs 0.2 percent in July to 141.7 percent of the 1977 base while housing starts gain 0.8 percent. Factory operating rate holds at 83.6 percent as durable goods slip and utilities rise. Analysts see soft landing potential with moderate growth and inflation easing.
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Washington
Federal Reserve
Jay
Commerce Department
Fed
Thomas Holloway
Mortgage Bankers Association of America
David Berson
Federal Nalional Mortgage Association
William D. Kelleher
U.S. Chamber of Commerce
U.S
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