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Newspaper
Press Telegram
Location
Long Beach, California, United States of America
Date
Jan 21, 1961
Page
4
A historical market snapshot reviews patterns in 1960, noting downdrafts and upturns across industries with the DoW Jones index and industrials. It cites rising unemployment, accelerating automation, and the influence of labor force growth on stock dynamics, projecting cautious gains amid mixed signals.
The column cites Glenn Munn and says the Dow Jones Industrial Average has recovered about half of its 1960 loss, supported by six to seven premier consumer goods components. It notes potential mild retreat into February but not below 595, with technical factors, money supply growth, and preinaugural plans shaping expectations. It lists numerous financial stocks and sectors as readouts for investors.
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