STOCK MARKET: The Star Wars Explosion

"It is the biggest picture to play a Broadway theater—ever," says a spokesman for Loews, the conglomerate that operates one of the nation's largest movie chains. That kind of talk about the science-fiction movie Star Wars finds avid listeners among investors and stockbrokers disgusted by the aimless zigs and zags of a dispirited market. The price of shares in 20th Century-Fox, the maker of Star Wars, has more than doubled since the film opened in 32 theaters four weeks ago, leading a boom in movie and entertainment stocks generally. MGM has roared...

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