Business: Business, Sep. 28, 1953

The stock market took the new cutbacks in stride. The announcement of the reductions came while the market was starting to recover, after a wave of heavy selling had tumbled the Dow-Jones industrials to 255.5, their lowest levels in 26 months. Nevertheless, the market kept on climbing, and ended the week just about where it had begun.


Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!