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NYSE Advances on Rate Cut Hopes Lift Dow Jones
The New York Stock Exchange saw gains as traders reacted to a prime rate cut by Morgan Guaranty Trust Co, lifting the Dow Jones industrials about six points before profit-taking shaved later gains. The Big Board composite rose while NYSE volume accelerated, and Fourth of May stock activity showed mixed results with firms like Twentieth Century Fox slipping.
MENTIONED IN THIS ARTICLE
New York
Newark
Morgan Guaranty Trust Co
New York Stock Exchange
wentieth-Century Fox