STATE OF BUSINESS: Going Down

Like air show spectators wondering apprehensively when a plummeting sky diver will trigger his parachute, Wall Street's experts were still waiting for the stock market to level out. But last week was not the week. After starting off with a strong rally, the greatest bull market of all time weakened and fell in the last three days to end the week at 433.83 on the Dow-Jones industrial average, the lowest point in 2½ years. All told, 263 stocks, among them such blue chips as Du Pont, General Motors and Alcoa, reached new lows for the year.

The continuing market...

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