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Stock market rally fades as prices slip in Dow drop
New York traders saw a brief rally fade with early gains erased as buying dried up. The Dow Jones Industrial Average closed down 5.25 at 913.15 amid continued concerns over Watergate, the Mideast crisis, and a weak economy. Analysts cited institutional control and a volatile outlook as factors depressing stocks.
MENTIONED IN THIS ARTICLE
New York
Ronald Eropee
Be, F. Hotton & Co
Mideast
Larry Wachtel
Bachel Co
Hubert Stovall
Reynolds Securities
Stovall
General Motors
Stivall