It was the kind of buying binge that Wall Street had not seen in more than three years. On the first day of trading last week, investors bought a record 32.1 million shares on the New York Stock Exchange and pushed the battered Dow Jones industrial average up a full 26 points—the ninth highest daily rise in history. In four more days of equally furious trading, the Dow rose 37.08 points in all, punching through 700 for the first time in five months to a week's close at 703.69. That was an impressive 22% above the dismal twelve-year low of...
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