Electronics Storm Stalls Stock Advances: Blue Chips Shore Indexes
NEW YORK, Sept. 7 (A.P)ÛÓA selling squall hit a number of electronics and spread to other issues late today, cutting short a continued stock market rally and leaving many more losers than gainers by the close.</br></br>Thanks to gains toy a number of blue chips represented in the averages, however, some of these market yardsticks actually advanced in the face of a pretty general retreat.</br></br>The Dow-Jones average of 30 industrials, for instance, took off from yesterdayÛªs historic high to rise .52, establishing a closing record of 726.53. At 1 p. m., however, the Dow industrials stood at 730.62.</br></br>Gains of 3% by DuPont, 1% by Commonwealth Edison, 7/s by Woolworth and % by Allied Chemical were among the elements behind the climb of the averages.</br></br>The more comprehensive 500-stock index of Standard & PoorÛªs fell .11 to 68.55. This more closely reflected the performance of the over-all list.