Market Gains Amid Inflation Fears Despite Oil Price Controls
The New York market closed higher as investor optimism about resolving the monetary crisis supported gains in the Dow and S&P 500. Inflation worries surfaced in wholesale price indices while trading volume fell from the prior week. President Nixon's price controls for petroleum products influenced Thursday’s session.
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Dow Ends Week Higher Amidst Inflation News
Stocks closed mixed as investors awaited a Paris finance ministers conference. Pamida fell 6 73 percent on light turnover while Mattel rose 4 2 points amid renewed trading activity. Hughes Tool slipped 1 percent on moderate volume.
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New York Stock Exchange Prices Dow Jones Averages
The New York Stock Exchange reports daily prices with Dow Jones averages and market indicators. Investors monitor shifts in industrials railroads and utilities as trading closes.
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