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Market Advances Again On Growing Economic Signs
New York stocks rose for a second straight day as signals of a recovering economy emerged. The Dow gained 1.60 to 1213.04 while the NYSE composite rose .26 to 95.13. Automakers led advances with GM up 2 points to 68.5, Ford to 51, Chrysler to 27.5, and AM General at 6.5. Technology shares climbed as Motorola rose 5% to 128, Texas Instruments up 5% to 162.4, and National Semiconductor at 40.4. Labor data showed unemployment easing to 10.1% in May. Total NYSE volume was 83.11 million shares with American Telephone & Telegraph declining 0.5 to 65.0 at the close.
MENTIONED IN THIS ARTICLE
New York
New York Stock Exchange
NYSE
American Clock Exchange
Lew Smith
Bear, Stearns & Co
General Motors
Ford
Chrysler
American Motors
Motorola
Texas Instruments
National Semiconductor
Coleco Industries
Labor Department
Standard & Poor
S&p
American Telephone & Telegraph
Dow Jones
Ty Avemco Corp
Balt GE Bom
Tis Csx Corp
Genex
IBM
Iselh Kmart Litten
Kathy Lowes
Marriott
MD Natl Cp Mercantile Bokshi
Murphy
Phil
Penney
Potom EL
Ryan Homes
Safewy
Sears
Standex
Tandy Usfs
Wasps
Whittak
Baker Watts & Co
Frederick