NEW YORK -- U.S. stocks were mixed yesterday after an unemployment report failed to convince investors that interest rates won't rise enough to threaten corporate profits. Rising computer shares helped the Nasdaq composite index gain.
The Dow Jones industrial average fell 20.24 to 5,478.03 as yields on benchmark Treasury bonds reached a one-year high.
Shares of Texaco Inc. and Walt Disney Co. led the 30-stock average lower.
The Standard & Poor's 500 index fell 1.74 to 641.64, after rising 5.07 points. The Nasdaq rose 6.27 to 1,184.60, giving up more than half of an early gain.
Declining stocks led advancers on the New York Stock Exchange by 1,179 to 1,094. Volume of 434 million shares exceeded an average of 423 million shares that have traded daily since the beginning of the year.
For the week, the Dow industrials slumped 1.62 percent from its close last Friday of 5,567.99. The S&P; 500 fell 1.81 percent from its close last week of 653.46, and the Nasdaq, which ended a 10-day streak of records Wednesday, finished the week down 0.11 percent from last Friday's close of 1,186.89.
Among broad indexes, the Russell 2,000 index of small capitalization stocks rose 0.91 to 346.85; the Wilshire 5,000 index, comprising stocks on the New York, American and Nasdaq indexes, fell 8.00 to 6,421.25; the S&P; Midcap index rose 0.41 to 235.07; and American Stock Exchange market value index rose 0.72 to 589.69.
The most active stock in U.S. composite trading was Comparator Systems Corp., with 121 million shares traded, a Nasdaq record.
The stock rose about 22 cents to 28.125 cents a share.
Comparator's move came on word the company is about to unveil a long-awaited fingerprint-identification system.
The five next most active stocks were the shares of Zenith Electronic Corp., up $2.75 to $15.75 in trading of 9.8 million shares; Intel Corp., up 68.75 cents to $68.6875 in trading of 8 million shares; Imp Inc., up $1.8125 to $19.25 in trading of 7.9 million shares; Brooks Fiber Properties, up $3.125 in trading of 6.7 million shares; and Amgen Inc., down $1.125 in trading of $6.2 million shares.
Shares of Texaco, down $2.50 to $81.50, led the Dow industrials lower. Exxon Corp. fell 50 cents to $82.375, and Chevron fell 37.5 cents to $56.625.
Consumer stocks -- companies whose products are in demand, no matter how strong the economy -- fell, as the Morgan Stanley consumer index fell 0.48 percent. Schering-Plough Corp., down $1.25 to $54.125, and American Home Products Corp., down $2.125 to $102.875, joined Disney in leading the consumer index lower.
Cyclical stocks rose on expectations that demand for paper, chemicals and airplanes will be strong in a growing economy. Boeing Co. led the Dow industrials higher on expectations that airplane sales will surge with a growing economy.
Boeing rose 50 cents to $78; Union Carbide Corp. gained $2.875 to $48; Aluminum Co. of America surged $1.25 to $62.75; and Champion International Corp. climbed $1.75 to $51.
The Morgan Stanley cyclical index gained 0.35 percent.
Pub Date: 5/04/96