Weakness Cited In IBM, Kodak
NEW YORK, May 11 (AP)ÛÓFears of rising interest rates and an apparent new policy of tighter credit by the Federal Reserve Board helped push the stock market lower today.</br></br>The Dow Jones average of 30 industrials was down 9,24 points to 926.00, wiping out TuesdayÛªs moderate gain of 3.05 points. The Dow has recorded a net loss of more than 16 points over the past four sessions.</br></br>Big Board volume was 18.98 million shares, down from the 21,09 million traded the previous day. Nationwide turnover in NYSE-listed issues ÛÓ including trades in those stocks on regional exchanges and in the over-the-counter marketÛÓcame to 22.44 million shares.</br></br>Brokers said the downward trend generally reflected investor concern over the Federal Reserve BoardÛªs apparent move to tighten credit for the third time in two weeks. The Fed hinted at a new policy Tuesday by allowing rates on key Federal funds to rise, then supporting that level.</br></br>There also were fears that hikes in short-term interest rates soon might push the prime rate higher, analysts said.