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Market slides as inflation fears temper stock gains
UPI report notes fifth straight weekly decline as rising interest rates curb stock appetite. Dow falls to 826.50, S and P slips to 86.99, NYSE index dips 0.77, while volume remains light at about 77.86 million shares. Federal Reserve tightens credit to slow money growth amid inflation worries and a cautious outlook for corporate profits.
MENTIONED IN THIS ARTICLE
Xuup
Gordon
Santomhoar
Standard & Poor
Federal Reserve Board
New
York City
Once Corp. Bonds
Ferce Department
Soviet Union
Arthur F Burns
Burns
Agricul
Ture
Moore. McGormack Resources
Mps
Occidental Petroleum
Polaroid
Texaco