Market Drops In Reaction to Nixon Speech
NEW YORK. June 14 ÛÓ The stock market slid, downhill today in moderate trading as investors reacted with less than enthusiasm to President NixonÛªs new economic game plan.</br></br>The Dow Jones average of 30 industrials dropped almost 6 points in the first half-hour of trading, moved up to plus 3 by midmorning, then went steadily downhill the rest of the day. It closed at 902.92, off 12.57 for the clay.</br></br>Declining issues on the -I New York Stock Exchange led advances by 986 to 398 T among 1.726 issues changing hands. Volume totaled 13.2i . million shares compared with</br></br>The broad-based NYSE index of some 1,500 common stocks fell 0.62 to 56.05 and Standard & PoorÛªs 500-stock index was off 0.92 at 106.68.</br></br>The NASDAQ composite index of over-the-counter stocks fell .77 to 103.56, while the Amex price-change index slipped .05 to 22.64. Of the 1.077 Amex issues traded, 285 advanced, and 485 dropped. Volume was 2.12 million shares compared with 2.43 million Wednesday.