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Newspaper
Press Telegram
Location
Long Beach, California, United States of America
Date
Jun 02, 1975
Page
4
Traders watch the Dow Jones and Nasdaq as a broad range of sectors swing. Notes from the floor cite uneven volume, with industrials and tech equities moving in opposing directions amid shifting investor sentiment.
An Associated Press market survey finds early 1975 saw lower grocery prices but hints at upcoming increases. Sugar and eggs declined in May yet beef and pork rose, with USDA warning egg prices may rise as supplies drop. The check covered 15 staple items from March 1 through May, showing city to city variation in prices and predicts higher overall food prices in coming months.
New York AP report notes a strong stock market push amid signs of economic improvement and a Middle East peace gesture. The Dow Jones industrial average rose about 15 points by 2 pm as volume topped millions, with factory orders and inventories indicating mixed signals.
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