Business: Full of Hope

Despite continued bad business news and the gloomy tone of President Kennedy's State of the Union message, the stock market last week spurted ahead in the broadest trading in history and the heaviest volume in many months, gained nine points for the week to bring the DowJones industrial average up to 652. Said one Wall Street broker: "The market is full of hope."

The market's hope is that President Kennedy will act wisely to remedy the nation's economic ills. While Kennedy's economic message to Congress (see NATIONAL AFFAIRS) did not offer as many remedies as his diagnosis seemed to call for, the...

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