NEW YORK Stock prices closed sharply lower Tuesday in activetrading as Wall Street expressed its disappointment over a decisionby the Federal Reserve Board to boost the discount rate.
The Dow Jones industrial average, which dropped 11.73 Monday,fell 28.27 to close at 2,079.13. The Dow has lost about 55 points inthe past four sessions.
Declines swamped advances 1,206-339 on the New York StockExchange on volume of 200.1 million shares.
The volume, however, included about 52 million shares of HoustonIndustries. The stock carries 9.3 percent dividend yield and goesex-dividend today.
Shortly after the market opened, the Federal Reserve Board saidit …
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