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Newspaper
Press Telegram
Location
Long Beach, California, United States of America
Date
Jan 07, 1958
Page
15
New York stock market closes with a modest rise as aviation shares lead gains. Major aircraft manufacturers plus suppliers push indices higher amid optimistic trading, while industrials and tech show mixed results.
New York stock averages rallied as Eisenhower asked Congress for 1.25 billion dollars in missiles and air defense. Industrials led gains with United Aircraft, General Dynamics, and Dow Chemical up over a point, while rails and utilities supported the market. bonds strengthened on strength in long issues.
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