Investors dump technology stocks for blue chips as Dow hits new high
In a mixed session New York stocks favored blue chip cyclical names while tech shares retreated. The Dow rose 11.76 to 4172.56 as jobless claims fell signaling moderate growth.
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Newspaper
Roswell Daily Record
Location
Roswell, New Mexico, United States of America
Date
Mar 31, 1995
Page
6
In a mixed session New York stocks favored blue chip cyclical names while tech shares retreated. The Dow rose 11.76 to 4172.56 as jobless claims fell signaling moderate growth.
New York trading saw varied moves with EXX and EchoBay among notable movers while crude futures in May to December contracts fluctuated. Unleaded gasoline and natural gas futures showed modest shifts as investors tracked indexes and open interest across the Mercantile Exchange and related energy products.
AP reports sparse Open High Low Settle data from Chicago futures floor with erratic bids across cattle hogs and related feeds. The chaotic print lists prices, volumes, and open interest entries, reflecting a volatile session without a clear dominant move.
AP reports spot nonferrous metal prices for aluminum copper lead zinc tin gold silver and platinum with quotes from London Metal Exchange NY COMEX and Handy & Harman while cotton futures on the NY Cotton Exchange show bid prices open interest and weekly sales figures for No 2 cotton across multiple price points and markets.
Courtesy of A G Edwards 5 p m Thursday Dow Jones Averages report shows the 30 Industrials at 172.56, up 11.76. 20 Transport at 1655.07, up 29.34. 15 Utilities at 187.71, up .46. 65 Stocks at 1396.50, up 10.59.
Board of Trade notes mixed grains with WHEAT futures around 3.47 to 3.60 per bushel and ongoing daily sales and open interest. SOYBEAN prices quoted near 5.7 to 6.1 per bushel with Wednesday activity and total sales around 62,786 units. OAT figures show modest gains with multiple price points and open interest noted.
New York AP reports Thursday NYSE price quotes with many tickers including AFLAC, AMR, AT&T, Exxon opposite movers like AirProd and Amoco. Ironically, several large caps show varied percentage changes while crude and refined petroleum prices are noted for reference.
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