Market posts 7.36 gain on Con Ed dividend
New York markets rose broadly as Consolidated Edison of New York resumed dividend payments, lifting investor sentiment. The Dow Jones Industrial Average gained 7.36 points to near July highs while volume increased. Traders cited stabilized rates and expectations of windfall profits tax legislation as contributing factors.
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Chavez sees possible tomato worker strike looming
In Sacramento Valley during tomato harvests UFW leader Cesar Chavez warned intensified organizing could spark a strike against tomato growers. He said the workers’ fate hinges on growers and the rival Teamsters Union and vowed UFW defense or intervention to secure a union and fair terms.
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