Wall Street last week
The Wall Street sharemarket was volatile last week, and prices fluctuated sharply m the four days of trading. Prices showed substantial falls on Tuesday and Thursday, with an equally sharp recovery on Wednesday. However, the Dow Jones industrial average closed on Friday at 868.77 — a rise of 0.25 points on the day but. a fall of 16.21 points on the week.
Increases in interest rates, and renewed fears of in flation dominated investors’ sentiment. Oil stocks bucked the trend, continuing to climb amid investor interest in exploratory drilling off the Newfoundland coast. Closing prices on Friday of a selection of shares were:—•_. AiB.CC 31; Alcan, 57 1/2; Alcoa, 64 3/8: Aniax. 53 3/4; Amarada Hess. 58 5/8; Am. Express. 29;
Am. Motors, 8; Armco. 30 1/2; ; M i/4: A. T. and T., 49; AU. Rich, 100 3/8; Beth. Stl, 23 1/4; Boeing, 62 1/2; Borden, 22 3/8; Burroughs. 76 1/4: C.8.5,,51 1/8; Citicorp, 20 3/8: Coca Cola. 33 1/4; Cont. Oil. 57 3/4; Digital Eq., 77 7/8; Disney, 45; Dome Mines. 71 1/4; Dow. 36; Du Pont, 39 5/8; East Kodak, 47 1/4; Engelhard, 33 1/2; Exxon, 65 1/4; Firestone, 8 1/2; Ford, 30 5/8; Free Min., 66 3/8; Gen. Dynam., 73 1/2; Gen Electric, 50 5/3; Gen. Motors. 49 7/8; Gen. Tyres, 16 .5/8; Goodyear. 12 1/8; Greyhound, 17 3/4; Grumman. 25 3/4; Gulf Oil. 51 1/2; Haliburton, 105 1/3; 1-lofnestake, 56 3/4; Honeywell, 97 578; 1.8. M., 66; Int. Harv., 32 5/8; Inco. 29 3/8; 1.T.T., 27 1/3; Johns Many.. 21 7/8: J. and J., 70 1/2; Kaiser. 23 7/8; Kennecott, 39 7/8; K-mart. 19 1/2; Lockheed, 38 1/8; McDonalds. 41 1/4: McDon. Doug., 44 3/4; M.G.M., 19 1/4; M.M.M., 52 1/4; Mobil. 77; Monsanto, 50; N.C.R., 78 3/4; Newin. Min., 51 1/2: Pfizer, 36 1/4; Phelp Dodg. 42 7/8; Phil. Pet., 54 5/8; Polaroid, 22 3/8; Pullman. 30 1/4; Raytheon, 75 1/4; R.C.A.. 23; Reyn. Metal. 39: Royal Dutch, 86 3/8; Seagram, 47 1/2; Sears Roe., 16 Shell Oil, 72 3/4: Shell Trans., 35 1/4; Sperry Rand, 54; St Joe, 46 5/8; Socal. 77 1/2; Texaco. 40: Texas Gulf. 49; Texas Inst.. 99; Union Carbide. 43 3/8: Union Oil. 58 1/2; U.S. Steel, 20 1/8: Westinghouse, 23; Wwths, 23 1/4; Xerox, 62.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19800225.2.139
Bibliographic details
Press, 25 February 1980, Page 20
Word Count
379Wall Street last week Press, 25 February 1980, Page 20
Using This Item
Stuff Ltd is the copyright owner for the Press. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Copyright in all Footrot Flats cartoons is owned by Diogenes Designs Ltd. The National Library has been granted permission to digitise these cartoons and make them available online as part of this digitised version of the Press. You can search, browse, and print Footrot Flats cartoons for research and personal study only. Permission must be obtained from Diogenes Designs Ltd for any other use.
Acknowledgements
This newspaper was digitised in partnership with Christchurch City Libraries.
Log in