WALL STREET: Biggest Rally

The stock market last week made the biggest one-week rally in its history, rolling up a spectacular gain of 25.90 on the Dow-Jones industrial average. The market advanced steadily through the week, was turned back slightly at week's end by profit taking after the sixth successive rise. It ended the week at 654.88 on the industrial average, highest since Jan. 15, adding nearly $10 billion to the value of stocks on the exchange. The business picture had changed little, but Wall Street's psychological mood had obviously changed, and the bulls roamed the Street with little resistance.

All this was embarrassing to...

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