After nosing down for the past two months, the stock market last week suffered the sharpest drop since the break following President Eisenhower's heart attack two years ago. In the opening session, Dow-Jones industrials slid 9.46 points, and by midweek they dipped a point under the year's intraday low of 453.07 set in February. Then the bargain hunters moved in, and buying was so strong that the ticker fell behind as one session finished. At week's end, prices were recovering; then they suddenly faltered and closed at 456.89—off 11.53 points for the week.

Wall Streeters blamed much of the break...

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