From Record to Record

After wilting during much of the summer, the stock market began autumn last week with an auspicious performance. The Dow Jones industrial average twice established new highs, breaking the previous record of 1248.30 set on June 16. The index rose 15.25 points on Tuesday to close at 1249.19, then slipped 5.9 points on Wednesday, but went up 14.23 points on Thursday to 1257.52. It slid 1.93 on Friday to finish the week at 1255.59, up 29.88 points.

The Dow has now risen more than 90 points from its low of 1163.06 on Aug. 8, thus upholding an old Wall Street tradition: the...

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