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This newspaper page contains 4 articles. Subscribers can read the full text of each article.
Newspaper
Press Telegram
Location
Long Beach, California, United States of America
Date
Mar 09, 1970
Page
13
A chaotic trading day on the New York Stock Exchange shows wide swings in many listings amid volatile volume. Investors monitor notable moves in technology and energy names as prices bounce between gains and losses.
The text analyzes market behavior with emphasis on regulated futures, position reporting, and the roles of small versus large traders. It notes the influence of brokers and speculators, the share of positions held by large traders, and the potential profits driving these actions amid varied market conditions. It mentions regulatory concerns and geographic references, including California and New York, in a scholarly manner.
New York markets faced a broad downturn as the Dow Jones Industrial Average fell sharply and widespread selling accelerated. Trading volume reached about 190 million shares with many leaders moving lower while some leaders advanced.
The High Court limited labor picketing on private property in a 2 1 decision. Chief Justice Burger called the NLRB’s primacy over state law doubtful and noted Congress never gave it power to regulate all picketing. Justiça White and Stewart urged reconsideration of a 1949 decision.
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