Dow Jones suffers seventh loss in row
The Dow Jones industrial average fell for the seventh straight session, closing 21.54 lower at 829.52 amid easing volume and lingering uncertainty on rates and oil. Bank stocks recovered modestly on solid earnings, while broader indices slipped, with NASDAQ closing at 138.34 and the S&P measures down.
MENTIONED IN THIS ARTICLE
Dow Jones
NEW York
Dow
New York Stock Exchange
Paul Volcker
Federal Reserve
Exchange
Standard & Poor
S&p
Citicorp
Hanover
American Stock Exchange
Balt GE
BethSt
Cocall
Exxon Fairchild Ind
MD Bne
Fintkt
de Giant
I Gt A&p
Gulf Oil As Harris
IBM
Kmart
Litton
Marriott Corp
Unichgd
MD Natl Cp Mobil
No A Phil
Penney
Plantin
Sears
Standex
Tandy
Texacoola
Warner L
Whittak
Robert Hooper
Baker, Watts & Co
Chessie System names new news and editor staff
Lloyd D. Lewis, former Huntington Herald Dispatch editor, becomes director of news and community relations for Chessie System. Anne Platek, ex Penton IPC, named assistant editor of Chessie News. Paul K. Dell joins New York Life President's Council for an Arizona educational conference. Francis X. Knott of Arundal Corp is named to Maryland National Corp board, parent of Maryland National Bank with Frederick County facilities.
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Lloyd D. Lewis
Huntington
W. Va
Herald Dispatch
Chessie System
Anne Platek
Penton/IPC Inc
Cleveland
Chessie News
Paul K. Dell
CLA
Frederick
Council of
New York Life Insurance Co
Arizona
Francis X. Knott
Arundal Corp
Maryland National Corp
Maryland National Bank
Frederick County
Wall Street panics over Fed moves spark market doubts
Louis Rukeyser notes Wall Street’s hysterical reaction to the Fed’s credit tightening, arguing the market’s nerve is poor and often wrong. He cites past misreads, questions Fed strategy, and urges cautious analysis of inflation, monetary growth, and the coming election year, plus a note on rising construction contracts totaling 714 billion in five months.
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New York
Wall Street
Federal Reserve Board
America
Paul Samuelson
U.S
Fed
Paul Volcker
Mea Culpa
F. W. Dodge
McGraw-Hill
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