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Newspaper
Odessa American
Location
Odessa, Texas, United States of America
Date
Dec 22, 1978
Page
7
New York stocks show broad activity with many large names trading firm. Major indexes move as investors weigh energy and consumer shares while price changes vary. Strong entities include IBM, General Electric, Exxon, Coca Cola, and Ford among others.
New York stocks posted a small advance as a two day rally faltered then regained momentum late. The Dow finished at 794.79, up 1.83, with NYSE volume at 28.67 million and total turnover 32.74 million. Key moves included Dictaphone up on Pitney Bowes bid, Boeing climbing on aircraft orders, and OPEC price moves amid weak durable goods data and Fed money supply action.
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