Wall Street slides as phase 3% tops Nixon plan
NYSE stocks tumbled on weaker guidance after Nixon's Phase 3% gesture, with the Dow down 31.45, S and P 300 off 19, and NYSE composite lower as volume fell. Analysts noted a Fed discount-rate rise aimed at pressuring inflation policy. Trading remained restrained after a brief rally.
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Nixon to unveil new economic plan on television
House sources indicate President Nixon will address the nation to reveal a new inflation fighting strategy. Observers expect mandatory selective controls aimed at curbing price rises in heavy industry as traders lock in profits amid sessions following the address and a price freeze on consumer goods and services.
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Market index summary signals mixed mutual fund trends
The report shows mixed performance across sectors with Dow Jones averages and industrials mixed. Transportation and utilities readings appear scattered while bonds and commodity futures show varied movements. several figures like 2889.55 and 251 appear without clear context, suggesting incomplete data from the page.
Market In Brief Stock prices and commodities in New York
In New York the market section reports stock averages, bond quotes, and extensive listings across industrials railroads and utilities. It notes closing prices, daily changes, and volume along with a snapshot of commodity futures including grains and cattle markets.
Holmes Wins 210012 Contract for Davis Monthan Facility
Oscar Mney and C Holmes secured a 210012 dollar contract for construction at a new aircraft processing facility at Davis Monthan air base. Holmes bid was among three offers, the base procurement office announced.
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