When the first Korean truce rumors spread through Wall Street last week, stock prices suffered the worst break in two months. Government bonds, which had been slipping for weeks, skidded some more. The Dow-Jones industrial average slumped 4.65 points to 267.63, lowest since last October. Then, as the week wore on, and reports of an impending truce became official, prices steadied. With the help of some buying by the Federal Reserve, Government securities also firmed up. Once again, the stock market showed that it is not peace that scares stock traders so...
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