Stocks Wilt On Worries Of Downturn: Market Suffers Losses On Fears of Slowing
NEW YORK, March 22-The stock market sustained widespread losses today amid some apparent fears that the economy was slowing abruptly.</br></br>Auto, retailing and other issues in industries that generally track the over-all pace of business activity posted some of the most notable declines.</br></br>The Dow Jones average of 30 industrials fell 14.97 points to 1,155.88, bringing its loss since the start of the week to 28.48 points.</br></br>Before the market opened, the government reported that new orders for durable goods fell 1.2 percent in February.</br></br>That unexpected decline seemed to strike stock traders as a signal that a widely forecast slowing in the pace of the economic expansion was occurring sooner and more decisively than they had expected.