Wall Street last week
The Wall Street market rose strongly during the week and broke through the psychological barrier of 1000 points on the Dow Jones index for the first time in four years. But on Friday the market reacted -sharply and the index fell back to 989.93 points, as traders had second thoughts about the postelection “Reagan boom” and the effects of higher interest rates on economic recovery.
Closing prices of a selection of shares on Friday were:—
ABC, 30 1/4; Alcan, 37 1/8: Alcoa, 67 1/4; Amax, 45 3/8; Amarada Hess, 52 3/4; Am Express, 35 1/8; Am Motors, 4 1/4; Armco, 39 5/3; Asarco. 50 5/8; A.T. and T., 47 5/8; Atl Rich, 71 3/8; Beth Steel, 28 1/8; Boeing 40; Borden, 24 3/4; Burroughs. 48 3/4; CBS, 50 5/8; CtiiCorp, 21 5/8; Coca-Cola, 31 1/8; Cont Oil, 34 3/4; Digital, 98 1/8;
Disney, 49 5/8; Dome Mines, 103: Dow, 36; Du Pont, 43 .1/8; East Kodak, 74 1/4; Engelhard, 61 1/2; Exxon, 87 1/2; Firestone, 10 5/8; Ford, 27 7/8; Free Min, 59 7/8: Gen Dynam, 43 5/8; Gen Electric, 61 1/4; Gen Motors, 46 1/8; Gen Tyres, 22 1/4; Goodyear, 17 7/8; Greyhound, 14 3/4; Grumman, 32 1/4; Gulf Oil, 47 3/4; Haliburton, 171; Homestake, 85; Honeywell, 101 1/4; IBM, 72 1/4; Int Harv, 28 1/8; Inco, 22 1/8: ITT, 32 1/8; Johns Manv, 25; Johnson, 93 1/2; Kaiser, 24 3/4; Kennecott, 31 3/8; K Mart. 18 5/8; Lockheed, 31 1/8; McDonalds, 46 3/4; McDon Doug, 44 5/8; MGM, 8; M-M-M, 60 3/4; Mobil, 81 3/4; Monsanto, 66 3/4; NCR. 72 3/4; Newm Min, 55 1/2; Pfizer, 48 5/8; Phel Dodge, 40 3/4; Phil Pet, 57 3/4; Polaroid, 28 3/4; Raytheon, 110 5/8; RCA, 32 3/8; Reyn Metal, 36 1/4; Royal Dutch, 111, 3/4; Seagram. 58 3/4; Sears Roe, 16 1/8: Shell Oil, 61; Shell Trans, 49 3/8; Sperry Rand. 60 3/8; St Joe, 68 3/4; St Oil Ca, 104; Texaco, 49; Texas Gulf, 61 7/8; Texas Inst, 142 1/2; Union Carb, 52 1/4; Union Oil Ca, 54;-U.S. Steel. 24 3/4; Westinghouse, 32 1/4: Woolworths, 24; Xerox, 68 1/2. .
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Press, 24 November 1980, Page 16
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354Wall Street last week Press, 24 November 1980, Page 16
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