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Newspaper
News
Location
Frederick, Maryland, United States of America
Date
Nov 12, 1996
Page
12
The Dow Jones rose 35.78 to 6255.60 as blue chip stocks led a broad advance amid holiday spending optimism. Nasdaq and S&P 500 also marked fresh highs, while AMEX dipped. traders noted concentration in heavyweight names and awaited key inflation data and Fed policy signals.
Chicago grain prices advanced as traders positioned before the USDA supply and demand report. Corn and wheat gained while soybeans slipped on fund selling amid expectations of higher production and lower ending stocks. Beef and hog futures moved mixed as cattle and pork markets fluctuated.
The Dow Jones Industrial Average rose to 6255.60 up 35.78 points as trading volume reached 356,550,000 shares. Gold in New York traded at 380.56 an ounce as markets digest gains and volatility.
An architectural rendering reveals a new Jimmie Cone ice cream shop to be built beside the Foodrite store in Mount Airy, signaling a fresh addition to the town’s dining scene.
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