Business: The Election Market

The sliding stock market last week broke through its 1960 low in heavy trading and plunged on down to 566.05 on the Dow-Jones industrial average, the lowest point in nearly nine years. Then, just as Wall Street braced for the worst, the market ran up two days of substantial gains before it eased and ended the week about where it had started.

There was no doubt that gloomy talk about poor business gave the market a push down. Thousands of small investors across the nation were suddenly aware of a dampening word: recession. Said Jacques...

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