New York Stock Exchange gains ride softer rates
The stock market extended Tuesday’s gains with a sizable advance as signs of easing rates encouraged investors. The Dow Jones average rose to 750.87 by noon, with 21 more stocks up than down on the NYSE and trading briefly halted by computer problems. Bright quarterly results boosted Joy Manufacturing and Bucyrus Erie, while Standard Oil of Indiana reported a North Sea oil discovery.
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Joy Manufacturing
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Gearhart-Owen Industries
Amex
Jobs for older workers backed
Washington reports House approval of 3700 million to create public service jobs for persons 60 and older. The measure passed 877 to 1 and now goes to the Senate for consideration. The Labor Department noted a decline in total unemployment benefits for the week ending March 22, with 64 million on seven programs, down 42,500 from the prior week. Regular state benefits fell 1,900 to 5,063,000. extended benefits rose 38,70 to 635,300.
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