Eight Miles High

By Frank Pellegrini Wednesday, July 16, 1997
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It was right around high noon Wednesday when the Dow Jones Industrial Average cleared 8,000, driven by heavy volume and some encouraging news about inflation. With the new milestone, the index has now doubled in less than two and one-half years, having crossed 4,000 first in February 1995, and some gape-mouthed analysts are ready to bet seriously on 10,000 by the year 2000. Details of the day's trading in Money Daily.