STATE OF BUSINESS: Action & Reaction

The stock market, which has been viewing the world through dark glasses, last week finally reacted with spirit to the favorable news in the U.S. economy. It not only bounded ahead for three days in a row, but made its sharpest one-day advance in eleven weeks. What was equally cheering to investors was the fact that volume increased as the market rose. Trading of 3,752,980 shares in one day was the biggest since March 4. The Dow-Jones industrial average closed the week at 616.03, up 8.41 points for the week and well above the recent lows.

The market got a...

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