Prudential predicts slow start for 1974 economy
Prudential's annual forecast foresees slower activity in early 1974 due to energy shortages and weaker consumer spending. Real GNP should rise about 2 percent with a 5 percent inflation rate, while unemployment climbs toward 5 percent. Government spending, inventory restocking, and business capex support a moderate recovery by autumn.
MENTIONED IN THIS ARTICLE
Newark
N.J
Prudential Insurance Co
Prudential
J. Robert Ferrari
James L. Essig
America
Stock listings snapshot with diverse firm quotes and prices
NYSE and AMEX stock figures show mixed gains and declines across industries. Companies include Aetna Life Admiral Amex Ford Motor and Exxon with various price points and trading changes.
New York Stock Exchange Quotations Show Broad Activity
The 2 p.m. quotes display a wide range of stocks with varied percentage changes and prices including Disney, Dow components, Exxon, General Electric, and IBM among many others. Investors monitor shifts in quotes for listings such as Ford Motor, General Motors, and DuPont amid fluctuating market sentiment.
Dow Jones Averages Dip Across Industrials and Transports
Dow Jones at 2 p.m. shows the 30 industrials down 20.32 to 801.93 while the 20 stocks index falls 5.76 to 252.94 and the 15 utilities slip 1.37 to 86.56 with volume around 12.97 million shares. The transports drop 3.56 to 171.63 as overall market action remains soft.
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Wbla
Dixlyn Corp
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Uy Fischer
Kirbyind
Lee Ent
Lee NatiCp
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Statham Ins
Techncolor
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Stocks slide as Dow dips near 803 in heavy New York trade
New York shares fell sharply amid policy and rate worries. The Dow Jones dropped to about 802.30 with the S P 500 at 93.50 as broker turnover rose to 12.97 million shares. Chicago bank rate rise to 9.9 percent and broad declines defined the session.
MENTIONED IN THIS ARTICLE
NEW York
UPI
New York Stock Exchange
Standard & Poor
Prototype loan office shows future branch layout
In New York a sub basement loan office at the C I T Financial Building serves as a model for 775 proposed branches nationwide. The prototype dictates floor plans and furnishings from the New York headquarters for any new opening.
MENTIONED IN THIS ARTICLE
C.I.T. Financial Corporation
New York
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