Business: Batting 1,000 Again--Briefly

Four-digit fever has swept Wall Street periodically since Dec. 31, 1976, when the Dow Jones average of 30 leading industrial stocks last cracked the 1,000-point level. But rarely had an assault on the magic barrier been more furious—or inconclusive—than the trading melee that last week nudged the Dow briefly, and by the barest fraction, into quadruple digits.

Having surged powerfully upward since the election, the Dow hung tantalizingly just below 1,000 throughout much of the week, then finally squirted to 1,000.17 in an avalanche of late buying at the close of business Thursday....

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