Business: Up, Down

Having knocked off more than a year's gain in last fortnight's triple tumble, the stockmarket last week had a rebound. Since business news was neither good nor bad, the advance was ascribed to "technical reasons"—Wall Street's way of saying that everything which goes down must come up. But the market did not go up far, did not stay up long. Trading on the New York Stock Exchange, after soaring above 2,000,000 shares thrice in a month, fell back into its recent rut. By the peak of the rally, the Dow-Jones industrial averages had...

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