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 Plunge?
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 What plunge?
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 Twenty-four New York Stock Exchange issues hit 52-week highs during Friday's trading, 
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despite the Dow Jones Industrial Average's 190.58-point plunge.
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concession

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 Stocks of utilities held up relatively better than other market sectors during the sell-off.
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 And among the issues 
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hitting new highs 
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were Detroit Edison Co. and Niagara Mohawk Power Corp. 
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Other major issues 
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hitting highs 
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included American Telephone & Telegraph Co., Westinghouse Electric Corp., Exxon Corp. and Cigna Corp., the big insurer. 
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 Of course, many more issues 
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-- 93 -- 
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hit new lows.
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 These included International Business Machines Corp., 
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which during Friday's session traded below $100 a share for the first time since June 1984.
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 IBM closed at $102, down $5.625.
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evidence

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 Other new lows included Navistar International Corp., Union Carbide Corp. and Bethlehem Steel Corp., 
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all of which are included in the industrial average.
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 Meanwhile, two initial public offerings braved the cascading market in their maiden day of national over-the-counter trading Friday.
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 Shares of Rally's Inc., an operator of fast-food restaurants, closed at $17 each, up from its $15 offering price 
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and shares of Employee Benefit Plans Inc., a health-care consultant, closed at $14.125, up from its $12 offering price.
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