Tuesday, February 1, 2011

Industrials Edge Up 2.20 Points As GNP Data Make Little Impact

Stock prices rose slightly in lackluster trading, with news of the economy's better-than-expected performance in the first quarter having little impact on prices. Just 146,090,000 shares changed hands on the New York Stock Exchange, compared with the 165,430,000 traded on Tuesday. "It's just a boring, boring grind here," said Guy Cappucci, a block trader at Morgan Stanley & Co. Among broader market averages, Standard & Poor's 500-Stock Index rose 0.18 to 306.93, the Dow Jones Equity Market Index added 0.28 to 288.07 and the New York Stock Exchange Composite Index gained 0.15 to 171.75. Advancing stocks outnumbered decliners on the Big Board by a narrow margin, with 744 issues rising in price and 681 falling.

Full text: Wall Street Journal, Apr 27, 1989

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