May 17, 1989 |
Stock prices pulled back Tuesday amid selling to collect profits amassed during the previous two strong sessions. The Dow Jones index of 30 industrials, which ran up a gain of nearly 82 points on Friday and Monday, finished with a loss of 10.44 points at 2,453.45. Declining issues outnumbered advancing ones by about 7 to 6 in nationwide trading of New York Stock Exchange-listed stocks, with 791 down, 677 up and 500 unchanged. Volume on the floor of the Big Board came to 173.1 million shares, down from 179.35 million in the previous session.
May 11, 1989 |
Stock prices rose in lackluster trading Wednesday, with the Dow Jones industrial average rebounding from an eight-day losing streak. Traders said the market drifted in a fairly narrow range for most of the session, with little except the Treasury's $28.75-billion refunding to give the market direction. The Dow Jones average of 30 industrials rose 3.12 to finish at 2,374.45, ending an eight-day string of losses, the longest since August, 1982. The blue chip indicator had lost 47.66 points since April 28. Advancing issues outnumbered declining ones by about 9 to 8 in nationwide trading of New York Stock Exchange-listed stocks, with 722 up, 641 down and 594 unchanged.
May 10, 1989 |
Stock prices fell in sluggish trading Tuesday, as the market awaited new economic data later in the week. The Dow Jones index of 30 industrials fell 5.14 points to 2,371.33, its eighth consecutive decline. Declining issues outnumbered advancing ones by about 4 to 3 in nationwide trading of New York Stock Exchange-listed stocks. The market opened higher, but failed to sustain the early gains with uncertainty dominating the picture. Except for a brief spurt in the afternoon led by program selling, volume remained light.
May 9, 1989 |
Stock prices fell in slow uneventful trading Monday, as the market took a breather to await fresh news on the economy. The Dow Jones index of 30 industrials fell 5.49 points to end the day at 2,376.47, its seventh consecutive decline. The blue chip indicator has lost 42.52 points since April 28. The market opened lower on a carry-over from Friday's last-minute selloff and in response to a weaker bond market ahead of this week's three-day Treasury borrowing. Prices drifted lower during the session as many big participants withdrew to await new data on the economy.
April 26, 1989 |
Stock prices slumped Tuesday as traders pulled profits from an unenthusiastic market and oil and technology company earnings declined. The Dow Jones index of 30 industrials fell 15.77 points to 2,386.91, the second straight decline after a four-week rise that pushed the market to post-crash highs. Declining issues outnumbered advances by about 8 to 7 in nationwide trading of New York Stock Exchange-listed stocks, with 687 up, 827 down and 471 unchanged. Volume on the floor of the Big Board totaled 165.43 million shares, up from 142.10 million in the previous session.
April 19, 1989 |
The stock market surged to a new post-crash high in active trading Tuesday, after new economic data signaled moderation in the economy and helped ease fears about inflation. The Dow Jones index of 30 industrials shot up 41.61 points to 2,379.40, the highest level since the Oct. 19, 1987, stock market collapse and well above its previous post-crash high of 2,347.14 on Feb. 7 Tuesday's move was also the sharpest one-day rise since Oct. 20, 1988. Then the blue chip indicator rose 43.92 points.