Stock Market Suffers Biggest One Day Loss
The Dow fell 41.91 points amid a broad market retreat sparked by Soviet nuclear plant concerns and inflation fears. Local brokers saw the drop as a correction and opportunity, with investors trimming positions and awaiting lower prices, while noting only a modest percentage move overall. The Dow closed at 1,783.98 with 148.28 million shares traded, and traders expected a pause before a recovery.
MENTIONED IN THIS ARTICLE
Robert Hooper
Baker, Watts & Co
Frederick
Hooper
Deborah E. Vose
Capital Financial Group
Wee Wen Peepee Ek
Robert Armstrong
Wheat First Securities
U.S
Armstrong
Dow Jones
London
Pwr
Avemco
Baltge
Bell
Fém Bancorp
Fst
Baker Watts &Co
Mack layoffs set for September at Hagerstown plant
Mack Truck plans to begin layoffs at its Hagerstown facility by September with up to 500 workers furloughed by next March 1. The move aims to cut costs and stay competitive as production shifts and outsourcing considerations unfold, with the plant employing about 3,200 workers.
MENTIONED IN THIS ARTICLE
Hagerstown
Mack Truck
Ross Rhoads
Rhoads
Mack
William McCullough
Allentown
Dave Cole
Cole
Washington County
Trade deficit widens to 14.5 billion in March
The United States posted a trade deficit of 14.5 billion last month as imports of manufactured goods rose despite cheaper oil. The gap marked a 16.3 percent increase from February’s 12.5 billion, with the deficit with Japan climbing to a record high.
MENTIONED IN THIS ARTICLE
Washington
United States
Japan
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Loks
Boyle
Pat Conf
Financial Associates
Fredenckh
Associated Press
United Auto Workers Union
Winnsboro
S.C
W. Patrick St
Federal Savings Bank OF Maryland
Yeat
Money Fund
Thomas Johnson
Troncof Wess
Nagazre
Berner
Hanca Ale
Det Ag
Mayer
Pate
Te Shorret
Wwe
Asc
Alowotie & Frynate Etc
Call Legore
Legore Quarry
Divisio
Woodsboro Road
Keymar