With a bullish snort, the stock market last week regained about one-quarter of the 52 points lost since August. The Dow-Jones industrial average closed at 482.39, 15 points above the low at the start of the week. The upswing was almost identical to the surge from a 53-point drop last May. Said Wall Street Broker Harold L. Bache: "I look for higher prices and increasing activity in the market."
Last week's snapback was triggered by predictions that 1957 would see production and sale of 6,500,000 to 7,000,000 autos, and that the Suez trouble would be solved without war in the...
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