For a brief period one day last week, stocks on the New York Exchange nudged through the alltime bull-market high of 521.05 on the Dow-Jones industrial average. They slipped a bit before the close, thus technically set no new record, since the closing prices are the ones that count. Three times in the last two years, stocks have marched up to the high set in April 1956, then backed away from it. At week's end Wall Streeters were split on whether the average would burst through and set a new record, or whether the market would slide into the...
To continue reading:
or
Log-In
