[ No headline ]

The stock market's rally sputtered last week as profit taking continued to eat into its recent gains. The Dow Jones industrial average finished the week with a gain of 2.58 points, closing at 919.52.

Analysts said investors continued to keep a weather eye on interest rates, since the government was a major borrower last week. And, as H. Erich Heinemann, an economist at Morgan Stanley & Co., notes, Fed-watchers were on the lookout to see if the Federal Reserve was beginning to play politics with interest rates - keeping them down until after the fall elections.

Investors also watched the trading in Martin Marietta, Bendix, and Allied Corporation to see if the marketplace had any better idea as to what the future held for these three companies. For several days, however, trading was halted in the stocks while they worked out their deal.

About these ads
Sponsored Content by LockerDome

We want to hear, did we miss an angle we should have covered? Should we come back to this topic? Or just give us a rating for this story. We want to hear from you.

Loading...

Loading...

Loading...

Save for later

Save
Cancel

Saved ( of items)

This item has been saved to read later from any device.
Access saved items through your user name at the top of the page.

View Saved Items

OK

Failed to save

You reached the limit of 20 saved items.
Please visit following link to manage you saved items.

View Saved Items

OK

Failed to save

You have already saved this item.

View Saved Items

OK