Tobacco stocks push NYSE prices into positive area
Closing prices on the New York Stock Exchange show tobacco stocks helping overall market gains. Traders note modest volume as investors shift toward durable goods and utility issues amid mixed earnings reports.
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New York Stock Exchange
Wall Street Cigarette Stocks Drive Market Upward
New York AP report notes a broad rally on Wall Street led by cigarette makers and related tobacco issues, Reynolds Tobacco and Schenley among active gainers. The decline in mixed sectors contrasts with gains in tobacco linked shares while the Dow and NYSE index drift up amid delayed openings and volatile trading.
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