Market hits record highs as trading heats up
New York stocks rose to record highs in the heaviest session in four months. The Dow gained 12.87 to became more than 1,226 with the NASDAQ index above 300 for the first time. Chrysler jumped 1.54 to 28.5 amid news of paying off a third of government loans early.
MENTIONED IN THIS ARTICLE
New York
Federal Reserve
Lesdon
New York Stock Exchange
Chrysler
American Motors
Ford Motor
General Motors
Labor Department
Major appliance sales lift April retail results
The Associated Press reports a dip in overall April retail gains by major chains, yet strength in major appliances boosts sentiment. Kmart chairman Bernard Fauber cites signs of an upward economy while executives foresee a recover. Sears gains 7.7 percent, Kmart 5.5 percent, Federated 8.4 percent, with earlier growth slowing helping temper optimism.
MENTIONED IN THIS ARTICLE
Bernard M. Fauber
Kmart Corp
Louis Harris
Sears, Roebuck & Co
Kmart
Federated Department Stores Inc
Federated
Federal Home Loan Bank Board
Tax Foundation
Conference Board
U.S
Midwest
Rocky Mountain
West Coast
United States
NRC fines New Jersey utility 850000 for Salem plant failures
The Nuclear Regulatory Commission fined Public Service Electric and Gas Co 850000 for serious safety failures at the Salem nuclear plant in New Jersey after two circuit breaker and backup system malfunctions on February 22 and 25. The NRC cites insufficient management focus on safety and tests, with a 30 day window to appeal.
MENTIONED IN THIS ARTICLE
Washington
Nuclear Regulatory
Commissio ReViel Ab
New Jersey
Three Mile Island
Public Service Electric and Gas Co
Salem
Richard DeYoung
DeYoung
Robert Smith
Neil Brown
NRC
Boston Edison Co
Pilgrim
Plymouth
Mass
Public Service Electric and Gas
Pene Mae Evel
Harold Denton
Harrisburg
NHC
Market wakes up despite skeptics in modern America
Louis Rukeyser notes a shift as skepticism moves from bad news to those delivering good news. The piece suggests a changing sentiment in New York where doubt remains high even as markets show signs of awakening after months of doubt.
MENTIONED IN THIS ARTICLE
New York
America
Wall Street
Stock market optimism boosts ordinary citizens nationwide
The piece argues rising stock prices benefit ordinary citizens, noting 32.6 million own stocks directly and 133 million hold via pension plans. Direct owners gained about 1.5 trillion in wealth since last August, fueling local spending. It links stock market confidence to broader consumer optimism and mentions a fund's quarterly dividend payment in 1983.
MENTIONED IN THIS ARTICLE
T. Rowe Price Growth & Income Fund
Stock markets drive jobs and growth through capital access
Rising stock prices boost corporate balance sheets and financing ability. Startups gain capital, expansions fund easier, and mergers surge as assets are valued higher. By 1983 and into 1984, renewed investor optimism could lift consumer and business spending, creating more jobs despite inflation risks.
MENTIONED IN THIS ARTICLE
Wall Street
Washington
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Merrill Lynch
Phibro-Salomon
American Express
Paine Webber
E.F. Hutton
J.C. Penney
Penney
DOW Jones
New High
The
Associated Press
Utility
Alaska
Kangaroos
Louis Rukeyser
the News
Frederick, Md
NYSE
Allg Pn
Undigd
Avemco Corp
Balt GE
Black Dr
CSX Corp
Clorox
Comsat
Exxon
Fairchild Indeo F&m National
Fedders
Fst Md Bae
Genex
GenStar
Giant St
Hech
Hewl P
IBM
Litton
Lowes
Marriott Corp
MD Natl Cp
Mercantile Bokshi
Plantin
Ryan Homes
Safewy
Sears
Tandy
Baker Watts & Co
Frederick
Coxcellent
SERTA
Hess
Imperial Plus” Twin
Ea. Pe
Twin
Lebanon
Westwo Somerset
Harry
Ay and
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