Sideways Toward the Election

September 1976
Time;9/6/1976, Vol. 108 Issue 10, p53
The article reports on the sideway movements of the stock averages in the U.S. associated with issues on the 1976 presidential elections. It states that the year had a good start which made Wall Street analysts thought that the stock averages would increase. It also mentions that prices have drifted sideways during the summer and ended in a downturn. Moreover, it reveals that the Dow Jones industrial average had a 33-point decrease in August 1976 after Robert Dole was chosen to be the running mate of President Gerald Ford. It also cites a 10.14-point decline in the Dow average. Meanwhile, it notes that the downturn could put an end to the sidewise averages, however, the elections prevent it. It adds that the predictions on higher Dow averages has turned into a season of flat prices.


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