Fed s Easy Credit Moves Depress Anxious Market
Nationwide turnover in NYSE-listed issues, including trades in those stocks on regional exchanges and in the over-the-counter market, came to</br></br>IBM was unchanged at 270V4. Analysts said the companyÛªs report that its fourth quarter earnings rose to $4.47 a share from $3.94 in the year-earlier period jibed with advance Wall Street estimates.</br></br>Standard & PoorÛªs index of 400 industrials lost 0.28 point to 115.42, and S&P's 500-stock composite index was down 0.19 point at 104.01.</br></br>The American Stock Exchange market value index, on the other hand, rose 0.55 point to 11.15, and the NASDAQ composite index for the over-the-counter market picked up 0.36 point, to 97.20.</br></br>Weekly statistics issued after yesterdayÛªs close by the Federal Reserve showed a sharp rise in j:he nationÛªs money supply.