Stocks Backtrack From Recent Gains new in New York
In New York stocks retreat after a brief rally as investors reassess risk and trim gains. Market leaders pull back while utilities and technology shares see mixed moves amid cautious trading and lingering inflation concerns.
Stock Market Closes Lower Amid Broad Weakness Across Many Shares
New York stocks end the day lower as the Associated Press index sinks along with the major averages. Blue chips retreat while some glamour issues and growth shares pull back. Volume remains heavy with widespread declines across industries and notable moves in IBM, General Electric, and Amoco among others.
MENTIONED IN THIS ARTICLE
Calgon
Te Ita Callah M
Wai
NEW York
Associated Press
Dow Jones
du Pont Camp Sour
General Electric
Gan
General Motors
Chicago & North ‘Western
Western Pacific
Cimieen M
Ameri
Ettoorun Ta
Karlee Tate
Burroughs 24
Fairchild Cam
Dow
Kodak Andjera
Jones & Laughlin
Dow Jones Industrial
Schenley 24
Texas Instru- Seok Ton
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IBM
Boeing
Ray
ABC Aan
Bicante Gast Pealt
Hal
Schering
ACF Ind
Trol Data
Ceen Cp
Celan piAast Cencots
CenAguir
Acme
AdMillis
Standard & Poor
New York Stock Exgermany
Air Papitzs Centhic
Ameriigs
MIL PLC
AirRedin
Edustries Ui
Trans‘AlcanAlum
Continental
Anes Gonata Corctecd
Pan American World Airways
Allenin
Sues
Johnson
Allied C
AlliedAid
Allied Mills
Islearnings
Eastman Kodakis
Solitron
Geth
Wall Detroit
Auto
Champ S Chase
Y Street
U.S. Treasury
Allis
Ohio
Antise Data
Pame
IdahoPw
Fairmont
Meredith
Philston
Am_ Baker
Inip Cp MerrChap
Plough
Bosch
Ind Gen
Polaroid
Ineimex
IngerRand
AmChain
Chrysler
FedPac Elec
Gindge
Inlercim
AmCrySug
Cinge
FedPapRa
ContTel
PSEG
AmCyan
Interco
Ammeip
Aenka
Aexisb
AnilnoCo
Wannessac
CBS
Col Gas
MorseSho
Motorola
Lizta
Raynier
Raytheon
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Swank
Swift Co
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Hayden, Stone
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State Street
Broad Street
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