New York Stocks Rally Amid Mixed Market Signals
The Dow and broader market rose as six of eight indicators pointed higher, with gains in manufacturing costs and prices to input ratios offset by volatile trading. New claims for unemployment insurance fell in July, suggesting improving labor momentum, while stocks advanced on hope for continued growth and stable demand.
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Stocks end mixed as large blocks cross NYSE
New York AP report notes a quiet session as Ford's news briefing touched markets little. Major blocks traded include Salomon crossing 1.0 million BP shares at 64.4 and Merrill Lynch crossing 1.5 million Pan Am shares, the fifth largest on NYSE. Pan Am fell 4 percent. BP slipped 0.5 percent for the day as the Dow averaged 403.40. Exchange volume reached 10.67 million, the highest since July.
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