STATE OF BUSINESS: The Pause

Ever since last autumn's "cardiac break," Wall Street traders have watched the stock market climb and kept their fingers crossed, waiting for the inevitable "correction." Last week, after a month of slowly slipping prices, the inevitable correction came.

The market suffered the sharpest break since President Eisenhower's heart attack last September. The drop was led by the blue chips, which had paced the rise; but almost every issue on the Big Board lost ground. By week's end stocks on the Dow-Jones industrial average lost 23.90 points, to wind up at 472.49, or...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!