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Wall Street Faces Slump Amid Rising Interest Rates
Weekly business review notes stocks retreat as interest rates climb. Dow falls to 92.98, S&P down 1.72, NYSE about 35.84. Trading volume totals 2.4297 billion shares, turnover soft, analysts expect seasonal slow action. Major banks push prime rate increases to 9 percent. Levitz Furniture rises then Curtiss-Wright dips on low volume. Futures trading mixed amid Mercantile exchange activity in Chicago.
MENTIONED IN THIS ARTICLE
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New York Exchange
Standard & Poor
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First Naona City Bank
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Vega Tore
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Associated Press
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Siocks
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Roxhants
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Monarch
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Monsanto
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