WALL STREET: The Lonely Bulls of Spring

The Lonely Bulls of Spring

The stock market threw a record-setting party last week, but many investors failed to attend. Spurred in part by a Government report that the Consumer Price Index had risen a modest 0.2% in April, the Dow Jones industrial average reached new all-time highs on Monday, Tuesday and Thursday. After a drop of 12 points on Friday, the Dow closed at 2819.91, up 18 for the week. But the gaiety was muted by the fact that broader market gauges, including Standard & Poor's index of 500 stocks, remained flat throughout the week and have shown little growth all year.

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