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Over 50 Under 50 Investment Letter Markets Hint At Rally Limits
The DJI closed at 888.5 down 13.3 for the week with a summer rally fading toward the 900 level. News of Nixon’s China visit barely moved stocks as second quarter reports varied. TB rates edged down to 5.38 percent while discount rates rose to 5 percent. Retail sales in June rose 8 percent from a year ago and 2 percent from May, Westinghouse posted record H1 sales and 13 percent profit growth, GM cut 1,450 jobs in the South, and Procter & Gamble raised the dividend to 1.50. The piece notes volatile market action and warns timing remains hazardous for investors.
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Nixon
China
Westinghouse