Profit Taking Wave Hits Stock Market Session
New York stock exchange trading closes with a pronounced profit taking wave. Investors lock in gains across major indices amid mixed futures and sector rotation.
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Newspaper
Press Telegram
Location
Long Beach, California, United States of America
Date
Nov 21, 1963
Page
18
New York stock exchange trading closes with a pronounced profit taking wave. Investors lock in gains across major indices amid mixed futures and sector rotation.
Heavy selling swept through the market as techs and rails declined while a few names advanced on dividend news. Xerox fell about 30 points, IBM and CBS slid, Royal Dutch gained on a 20 percent stock dividend, and trading on the American Stock Exchange slowed with government bonds largely unmoved.
Trading on the New York Stock Exchange shows varied closes with utilities and rail shares wavering. Major indices reflect mixed gains and losses as investors parse industrials, oils, and consumer goods amid late session adjustments.
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