Record selling drop
PA New York Stock prices took a re-cord-setting drop today in selling on Monday, touched off by economic worries, and bearish statements by some prominent analysts. Analysts said traders apparently returned from the long July 4 weekend in an uneasy mood over
evidence of continuing weakness in the American economy. A monthly survey conducted by the Natlpnal Association of Purchasing Management found declines last month in production, employment, and new orders. The trade group’s composite index recorded its sharpest de-
cline for more than two years.
Adding to the market’s weakness was the news that two well-known analysts — John Mendelson of Dean Witter Reynolds brokerage house and Robert Prechter, publisher of an investment advisory service — had turned negative on thd outlook for stocks.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19860709.2.148.17
Bibliographic details
Press, 9 July 1986, Page 35
Word Count
126Record selling drop Press, 9 July 1986, Page 35
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.