Stock Exchange At Record Level
(Rec. 10 p.m.) NEW YORK, March 2. The New York stock market broke through to its highest average in its history today. Gains in industrial issues ranged from four dollars to seven dollars. The reaching of the highest average ever known was regarded by market experts as a further indication of the "Eisenhower Bull Market.” A decline from just below the high average . would have been regarded by technicians as boding further retreat. Today’s session was higher from the start and Aras the second consecutive day of advance since Wednesday, when profit-taking sent the average down after President Eisenhower said he would run. The American Associated Press 60stock average rose 1.40 dollars to 181.60 dollars, just 10 cents above the previous high market reached on September 23. the day before Mr Eisenhower’s heart attack. The Dow-Jones industrial average also reached a new all-time height today of 488.84, advancing 2.15 to top the previous mark of 486.69 reached last year.
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Press, Volume XCIII, Issue 27909, 5 March 1956, Page 11
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164Stock Exchange At Record Level Press, Volume XCIII, Issue 27909, 5 March 1956, Page 11
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