Stock Market Rebounds, Closes Up After Decline
Stock indexes reversed earlier losses and finished higher as trading ended. Major averages gained value led by gains in technology and financial shares with investors hopeful for steadier momentum ahead.
The Long Hot Summer of the Markets Reassessed
The piece reviews the 1965-66 credit squeeze and near panic, noting the Federal Reserve actions to restrain money supply while denying a system collapse. It cites rising interest rates, tightened bank reserves, and fiscal measures under Johnson to curb demand and ease strains on the economy.
MENTIONED IN THIS ARTICLE
AP Ousuns
New York
Federal Reserve
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Johnson Administration
Market Tumbles then Rallies as Conflicting News Baffles Investors
New York stocks opened mixed with varied signals as the Dow fell 1.79 to 855.73 while the S P 500 and NYSE indices posted gains. Magnavox led color TV gains with Magnavox up 24, RCA and Zenith fluctuated, and General Electric recovered after plant closures. Volume totaled about 8.86 million on the day with outlooks mixed amid inflation and higher costs.
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New York Exchange
Business Mirror
John Cunniff
U.S. Treasury
Lew Cleechee Wurtitzer
Mecox Corp
Doyre
The
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