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Fourth straight stock drop as Dow sinks 3.29 points
Prices drifted to a fourth straight loss as high interest rates dull investor appetite. Dow Jones industrials fell 3.20 to 154.48, with 1,715 issues traded on the NYSE and the composite index down to 49.80 on the NYSE. Rite Aid slid, Alaska Interstate tumbled, while advisers blamed high rates and weak bargain hunting for the broad decline.
MENTIONED IN THIS ARTICLE
New York
Wiliam Gillard
Clack
Dodge
Saul Smerling
Standard & Poor's Corp
New York Stock Exchange
LK Cahimolt
America Stock Exchange