Stocks surge on hopes for Indochina cease-fire
The New York market rose broadly with the noon Dow up 9.40 to 952.21 as gainers outweighed losers more than three to one on moderate volume. Analysts linked the advance to optimism that progress toward a cease-fire in Indochina is near, with the U S Embassy in Saigon reporting progress toward a settlement.
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Market gains with tech and pharma leaders lead Veterans Day session
U S and South Vietnamese policy talks continue as markets open with brisk turnover on the Big Board. Glamours, Xerox, IBM, Control Data, Bausch & Lomb and Polaroid rise while many banks close for Veterans Day. The NYSE up 0.55 to 60.32 at noon. AMEX index at 2978.2.
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Congress passes Pre-emption Bill granting free land
The U.S. Congress approved a Pre-emption Bill on March 12, 1860, authorizing free land to settlers in western territories.
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