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Newspaper
Press Telegram
Location
Long Beach, California, United States of America
Date
Dec 14, 1970
Page
10
Stocks showed limited gains and declines across sectors with technology and industrials leading the session. Heavy volume moved in midcap and small cap issues as traders weighed earnings previews and global cues.
A nationwide survey shows a large majority believe the United States is in a recession, with 24 percent strongly supporting the view and 40 to 42 percent convinced it will persist into next year. Consumers report rising prices, wage pressures, and one in five households with a family member laid off or cut back on workweeks, with regional and demographic differences in impact.
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