Wall Street last week
The deteriorating U.S. economy sent stocks sharply lower on Wall Street last week as investors increasingly focussed on the recession rather than interest rates. Closing prices on Friday of a selection of issues were:— Alcan. 22%; Alcoa. 241 i; Amercda Hess, 28*z; ABC. 35%; Amax. 43%; Am Express, 46%; Amer Motor, 2%; ATT. 61%; Armco. 26 : 5; Asarco. 25%; Atlantic Rich. 44%; Bethlehem. 21i«; Boeing. 22%; Borden. 27%; Burroughs. 321'4; Chrysler. 3%; Citicorp. 26%; Coca Cola. 35: Colgate. 15%; CBS. 51; Cleveland Cliffs. 32: Continental, 33%: Crane. 35%; Dart and Kraft, 53; Digital Eq, 91%: Disney, 54%; Dome Mines. 15%: Dow, 24%; Du Pont. 26%; East Kodak, 68%; Engelhard. 18%; Exxon. 31%;
Firestone. 11%: Fluor. 30%; Ford. 16%; Freeport, 26%; Gen Dynamics. 23%; Gen Elect, 57; Gen Motors. 34%; Gen Tire. 25; Getty Oil, 67; Goodyear. 19%; Greyhound. 16%: Grumman, 24%; Gulf Oil. 34%; Haliburton. 51%; Heinz. 26%; Homestake. 37%; Honeywell. 73%: IBM. 50%; Inti Harvester. 7%; Inco. 13%;. Itt. 29%; Manville. 14%; Johnson, 35; Kaiser Alum. 15; KMart. 16%; Lockheed. 38%; McDonalds,. 67%; McDon Doug. 33%; Merrill Lynch. 35%; MGM. 7%; MMM. 52%; Mobil, 25%: Monsanto. 65%; NCR. 40%; Newmont Min. 48%; Occidental. 24%; Pfizer, 48%; Phel Dodge. 33%; Phil Pet. 40; Polaroid. 20%; RCA. 18%; Raytheon. 39%: Reynolds D Pet, 34%; Sears Roe, 16%: Sedco, 36; Shell Oil, 42%; Shell Tr, 29%; Sperry. 31%; Socal, 42; Soind. 50%; Sohis. 42%; Texaco, 34%; Texas Inst, 75%; Union Oil, 39%: Union Carb, 46%; US Steel, 27%; Westing Elect, 24; Wwths, 17%;
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Press, 23 November 1981, Page 24
Word Count
255Wall Street last week Press, 23 November 1981, Page 24
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