Market Loses Again As Dow Dips 17.76
NEW YORK, Nov. 20 ÛÓ The energy crunch terrorized Wall Street again today and sent the stock market to another sharp loss in heavy trading.</br></br>The Dow-Jones industrial average, which lost nearly 29 points on Monday, tumbled another 17.76 points today, placing the bellwether indicator at 844.90, or more than 150 points below its late October peak.</br></br>The sellers arrived early and stayed until just before the close today. The New York Stock ExchangeÛªs ticker tape could not keep up with the floor pace on three separate occasions in the morning and again ÛÓ when the list staged a mild rally ÛÓat the close.</br></br>Nearly 80 per cent of all stock traded on the NYSE lost ground, the widest margin of losers over gainers within memory.</br></br>Analysts were hard put to explain the continuing stream of selling. They said the market appears "oversoldÛ ÛÓ prices have gone down too rapidly, without significant intervening recoveriesÛÓbut, they added, the steady stream of reports of plans to cope with the fuel shortage appears to be pounding investor psychology.