WALL STREET: Tailspin & Recovery

Not since President Eisenhower's heart attack in September 1955 had the stock market taken such a blow. After setting new highs each, week for three weeks in a row, the market started down at the week's opening. While the ticker ran late for more than two hours of the 5½ hours of trading, 1,040 of the 1,287 issues traded suffered losses ranging from 5 to 42 points. It was the second largest number of issues traded in one day in stock exchange history (largest: 1,290 issues on Jan. 5, 1955). At day's end...

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