STATE OF BUSINESS: Comeback

Wall Street bounced back last week from the August slump brought on by the first alarm over the Suez crisis and the Federal Reserve Board's damping down of credit (TIME, Sept. 3). As investors began to pay more heed to good news at home rather than bad news from abroad, the Dow-Jones industrials jumped 5.62 points in the first trading session after Labor Day, one of the biggest gains in months. Wall Streeters took the upswing as a bright omen: the market after Labor Day has often forecast the trend for months to come; e.g.,...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

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