The Washington Post Tuesday, April 9, 1985 P5-  
NEW YORK, April 8ÛÓThe stock market slumped to a three-week low today, yielding to some afternoon selling after a weak rally early in the day faded.</br></br>International Business Machines led the retreat amid worries over the company's forthcoming first-quarter earnings report.</br></br>The Dow Jones average of 30 industrials, up about 3 points in early trading, was off 6.07 points at 1,252.98 by the close. That marked the lowest point for the average since it finished at 1,249.67 on March 18.</br></br>Volume on the New York Stock Exchange dropped off to 79.96 million shares from 86.91 million Thursday, before the long Easter-Passover holiday weekend.</br></br>when the White House announced agreement with Senate Republicans on budget proposals aimed at reducing the federal deficit.