Market reacts to hints of peace moves amid strong volume
The Dow rises about 5.55 points to 40.67 as trading volume climbs with upbeat economic news. Investors weigh potential talks in Vietnam while GM projects 9 million car sales this year and Lockheed wins a large aircraft contract amid mixed stock performance.
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Inflation Seen as Tax Worsening Living Costs
The piece argues inflation harms mainly those on fixed incomes and the poor while wages rise only to offset higher prices. It cites the February CPI at 118, a 19 percent rise since 1958-59, labeling inflation a stealth tax and warning of a wage-price spiral.
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Foreign Exchange Rates in New York
AP reports closing foreign exchange rates in dollars and decimals for major currencies. Canada free 9235 9232 Britain 2.4020 2.3990 Australia 1.1210 1.3200 Belgium 0.020135 0.020140 France 0.2035 0.2034 Germany -0.2511 -0.2512 Holland 0.2770 0.2768 Italy 0.001604 0.001604 Norway 0.1402 0.1402 Portugal 0.0351 0.0351 Sweden 0.1935 0.1935 Switzerland 0.2312 Depmars 0.1343 0.1343
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