newsbytes@clarinet.com (01/14/90)
NEW YORK, NEW YORK, U.S.A., 1990 JAN 12 (NB) -- The Dow Jones Industrial Average (DJIA) fell on Friday to finish the day down 71.46 points at 2,689.21. Major computer stocks following the index included IBM, which dropped $100 to end the week at $97.875. AT&T also played follow- the-leader, falling to $43.25, down $1.125 on the day. Losers outnumber climbers by 1,485 to 204. Most of the climbers were mining stocks and non-technology issues. Volume on the big board topped the 154 million share mark. The American Exchange (AMEX) also followed the lead of NYSE and dropped with its index ending at 373.23, down 7.12 points on the day. Traded volume on the AMEX board amounted to 20,650,000 shares - almost double Thursday's amounts. Amongst the many active AMEX issues, Amdahl closed down 67.5 cents to $14.50 with Wang following suit with a fall of $4.5 - down from a high of $5.00. The over the counter (OTC) market also saw losses mount with the industrial index down 10.81 points, finishing the week at 434.43 points. Apple Computer closed the week at $34.50, down more than $10 on the preceding 30 days. Apple shareholders saw 1,534,800 shares change hands. Other active issues included Compaq Computer, which ended at $80.50 - down $6 on the week. Tandon appears to be hitting troubled times, with its shares ending the week at just 69 cents. The company has announced it faces a large loss for 1989, although reports suggest that it is doing better in Europe than in the US. Last, but not least, The Newsbytes Stock Index (NSI) ended the week at 11.52, down .02 points. (Peter Vekinis/19900113)