Markets surge as Dow tops 862 amid brisk trading
New York stocks shifted higher in a volatile session led by gains in IBM and American Telephone. Dow Jones industrials rose to 862.48 at noon, with broad advances across major groups as traders weighed bargain hunting against fears from small investors. Elsewhere, Chicago hog and cattle markets showed steady to lower levels in moderate volume.
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Sudden Spurt Of Market Baffles Brokers In New York
After a sluggish week the market saw two remarkable sessions with a big advance for the year. Tuesday's action followed a morning surge and midday drop as volume rose to 10.49 million shares on the NYSE, the sixth-highest in exchange history. The Dow jumped 10.81 to 851.40, while 453 stocks hit new lows for 1965.
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