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Dow slides further as profit takers extend 2 week rally halt
New York stocks move lower for a second day as profit takers cash in on gains. The Dow Jones average finishes down 7.17 at 920.40, with declines leading advances 7 to 5 at 2 p.m. Analysts cite normal consolidation and rising interest rates adding unease, though brokers note technical factors dominate. International Telephone up ½ to 35, Cadot up 1% to 27, Goodyear down 4% to 23, Texaco down 4 to 33.
MENTIONED IN THIS ARTICLE
New York
New York Stock Exchange
Robert Colin
Faulkner
Dawkins & Sullivan
International Telephone
Cadot
Goardyear
Texaco