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Newspaper
Press Telegram
Location
Long Beach, California, United States of America
Date
Aug 16, 1977
Page
6
New York AP reports a downswing as major indices retreat from a brief rally. The Dow drops to 872.05, the NYSE composite falls to 9.63, and total volume reaches 62 million shares. Halliburton slips to 58 1/2 amid active trading. Kemart gains on strong second quarter earnings.
Detroit AP reports total U S auto deliveries for Aug 219 004 cars in nine days, a daily rate of 24444, nearly matching last year’s record. AMC's 10 day total 3256 cars, daily rate 543, down sharply 39 percent from August 1976 and 1 5 percent market share, while Ford GM and Chrysler posted smaller declines or gains.
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