October 23, 1995 |
Merrill Lynch Changes Policy on Small-Investor Stock Orders: The New York-based brokerage, the nation's largest, will no longer automatically route certain small-investor orders in New York Stock Exchange-listed stocks to the Pacific and Boston stock exchanges, where it has dealer operations. Instead, it will direct all its orders to a stock's primary market, meaning the market in which the stock is listed. The new arrangement will force Merrill Lynch & Co.
June 27, 1989 |
Stock prices closed sharply lower Monday as traders cashed in some of the gains that carried the market to new post-crash highs last week. The Dow Jones index of 30 industrials, up 49.70 points on Friday, dropped back 20.49 to 2,511.38. Declining issues outnumbered advances by about 4 to 3 in nationwide trading of New York Stock Exchange-listed stocks. Volume on the floor of the Big Board declined to 143.60 million shares from Friday's 198.72 million. The market's climb last week to new peaks since the debacle in the fall of 1987 was spurred by accumulating evidence of a slowing economy.
May 5, 1989 |
The stock market recorded another small decline Thursday, continuing its weeklong pullback as traders awaited the government's monthly employment report. The Dow Jones index of 30 industrials, down 25.10 points from Monday through Wednesday, dropped 8.80 to 2,384.90. Declining issues slightly outnumbered advances in nationwide trading of New York Stock Exchange-listed stocks, with 667 up, 728 down and 555 unchanged. Volume on the floor of the Big Board came to 153.13 million shares, down from 171.69 million in the previous session.
June 3, 1989 |
The stock market swept ahead to its highest level in nearly 20 months Friday, responding to employment statistics that raised hopes for an easier Federal Reserve credit policy and lower interest rates. The Dow Jones average of 30 industrials rose 27.20 to 2,517.83, topping the 2,502.02 reading of May 22 that marked its previous peak since the collapse in 1987. For the week, the average posted a net gain of 23.06. Advancing issues outnumbered declines by more than 5 to 2 in nationwide trading of New York Stock Exchange-listed stocks.
May 27, 1989 |
The stock market closed higher with help from a stronger bond market Friday in light pre-holiday trading, overcoming profit taking that has dogged the market since the Dow Jones industrial index hit 2,500 earlier in the week. Activity tapered off through the session as many traders got an early start on the long Memorial Day weekend. The markets will be closed on Monday. The Dow industrial index rose 11.18 to 2,493.77, cutting its loss for the week to 7.33 points. Advancing issues outnumbered declines by about 5 to 2 in nationwide trading of New York Stock Exchange-listed stocks.
June 17, 1989 |
The stock market moved ahead Friday in the heaviest trading volume in about five months as buyers braved the "triple witching hour." The Dow Jones index of 30 industrials rose 11.38 to 2,486.38 but lost 27.04 points from a week earlier. Gainers outnumbered losers by about 9 to 7 in nationwide trading of New York Stock Exchange-listed stocks. Volume on the floor of the Big Board came to 244.51 million shares, up from 179.48 million in the previous session. The unusually heavy volume on Wall Street reflected trades associated with the expiration of stock-index futures, index options and options on individual stocks.