Hopes for lower interest rates send the stock market on another rampage
Even after a red-hot, record-setting summer on Wall Street, last week's performance on the New York Stock Exchange was still stunning. Following the 125-point increase from 777 during the last half of August, the Dow Jones index of 30 leading industrial stocks had hovered at the low 900s. But then came rumors last week that the Federal Reserve Board had voted to ease up on its tight-money policy. True or not, the stories were enough to send the market into a new runaway...
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