NBC Evening News for Thursday, Oct 22, 1987
View other clips in this broadcast →
Material supplied by VTNA may be used for educational analysis or research only. Any editing, reproduction, publication, rebroadcast, public showing or public display may be prohibited by copyright laws. For any such use, please visit NBC NEWS Archives XPRESS.
(Studio: Tom Brokaw) Report introduced.
(NYC: Mike Jensen) Circus atmosphere of New York Stk. Exchange noted. Ups and downs of market discussed. Stk. Mkt. Report Reports of increase tensions in Persian Gulf and supposed prediction by analyst Robert Prechter that market would plunge again noted. [PRECHTER - says he never said that the market would plunge but that alone indicates that the psychology of the people is very fragile right now and that is serious.] Major banks' cutting prime lending rate said to have caused stks. to rise again. Down slide reported when E.F. Hutton Group, Incorporated, said to have advised customers to cut stock holdings by 10%. [E.F. Hutton Jeff APPLEGATE - says the market is very volatile and people need to be more defensive.] Mkt. said to have rallied a little when White House released statement asserting President Reagan's willingness to work out budget problems with Congress Stk. market's closing early for next 3 sessions noted. Int. rates falling and slowing of economy said already beginning.
Note to sponsor members: The Vanderbilt Television News Archive video player requires a modern operating system and browser to work properly. If you are experiencing playback problems, check the minimum requirements and adjust your setup accordingly. After adjustments, if you continue to experience problems, please contact us.
Welcome! Above is the abstract of the item that you're interested in viewing from the Vanderbilt Television News Archive's collection. You have three options if you'd like to view this item:
If you believe that you are associated with a sponsoring college or university and have received this message in error, please let us know.