AP Financial News at 3:10 p.m. EST Monday, Oct. 27, 1997
Monday, October 27, 1997; 3:14 p.m. EST
Dow Fall Brings Trading Break
NEW YORK (AP) -- Stocks plunged this afternoon, with the Dow industrials sliding more than 350 points, triggering a 30-minute halt in trading on he N.Y. Stock Exchange. Trading has now resumed. The provision for the half-hour pause when the Dow falls as much as 350 was instituted after the market crash in 1987. Trading was halted at 2:35 p.m. and the latest dow reading was down 354.37 at 7,364.01. Only a few days ago, the dow was in 800 teritory. It lost a combined 320 points, or more than 4 percent, on Thursday and Friday. Today's drop was the biggest point drop on Wall Street since the 508-point crash of Oct. 19, 1987.
Financial Figures
NEW YORK (AP) - Financial figures as of 2:46 p.m. Dow Industrials: 7361.04 - 354.37 NYSE Issues: Advances 190 Declines 2913 Unchgd 289 NYSE Volume: 586,857,470 Most Active NYSE issue: Compaq Computer62 7/8 - 5 7/8 S&P 500: 898.05 - 43.59 AMEX Mkt Value Index: 668.40 - 32.78 Nasdaq Composite Index .65 at 1558.27 - 92.65 Gold(final) - $310.10 troy oz., NY Comex spot month Mon. Silver(final) - $4.710 troy oz., NY Comex spot month Mon. |
