The break in the stock market at the news of President Eisenhower's stomach upset last week (see NATIONAL AFFAIRS) lasted no longer than the President's brief illness. The first sketchy reports touched off a brief, orderly selling wave: the Exchange ticker ran late, and stocks on the Dow-Jones industrial average slipped 4.91 points in an hour. But when the White House issued a reassuring bulletin, stocks turned quickly around, made up all but a 1.87-point fraction of the day's loss, then climbed steadily higher on each successive day. At week's end the...
To continue reading:
or
Log-In