STOCK MARKET: Worth Waiting For

At the start of last week, stock market analysts were trying to figure out why no price surge had followed Henry Kissinger's initial claim that "peace is at hand" in Viet Nam. Then on Tuesday the rally exploded, and it proved worth waiting for. In four days of heavy trading, with volume averaging 20 million shares daily, the Dow Jones industrial average vaulted 38 points to a close of 984. That was ten points above the year's previous peak and the highest level since December 1968—just after Richard Nixon was first elected. Last week many happy Republicans were loading...

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