Prime Rate Rise Dampens Wall Street: Prime Rate Rise Dampens Wall Street
The averageÛªs 11.33-point loss for the week stretched its string of consecutive weekly declines to six. Over that span, it has ost 36.81 points.</br></br>Losers outdistanced gainers by more than a 5-2 margin in the daily tally of New York Stock Exchange-listed issues.</br></br>'Nationwide turnover in NYSE-listed stocks, including trades in those issues on regional exchanges and in the over-the-counter market, came to 18,79 million shares as of the close in New York.</br></br>The tone was set for the day at the opening, when New YorkÛªs Citibank the second largest bank in the country, raised its prime rate from 7 to 7,25 per cent</br></br>It was the second quarter-point increase by the bank in as many weeks in the basic charge on large loans,