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Newspaper
Scottsdale Progress
Location
Scottsdale, Arizona, United States of America
Date
Jan 30, 1974
Page
5
Selected NYSE stocks finish the trading day with mixed gains and losses. Notable names appear with price changes and closing values, reflecting overall market activity and sector shifts at the session's end.
Wall Street chatter suggests a market low could come by April or May as investors hesitate. CitiBank notes rising corporate bond yields link to heavy new issue volume and inflation fears. E F Hutton cites a calmed market with light volume and awaits volume uptick as a potential breakout.
Investors pushed stocks higher on the New York Stock Exchange as reports of a potential oil embargo break lifted energy and chemical shares. The Dow rose 9.76 to 862.08 and the S and P 500 gained 1.18 to 97.19 amid 16.5 million shares traded. Natomas swung after reporting a 280 percent earnings jump and then paused before releasing full results showing 1973 earnings of 13 million dollars.
The Arizona State University Center for Executive Development schedules six CPA review seminars starting February. Topics include Accounting Theory, Financial Accounting, Auditing, Cost Accounting and Quantitative Methods, Federal Income Taxes, and Commercial Law with varying dates hours and fees. Sessions led by CPA professionals and College of Business Administration faculty.
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