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Investors pause after two day market surge in New York
The market edged higher as investors pulled back after a record two day buying spree. The Dow gained 1.56 to 888.43 with a weekly rise of 2.14, aided by strong volume though Friday’s turnover was lighter than Thursday. Glamor names held gains with IBM up 3 percent and Del Monte jumping 5 percent amid merger talks.
MENTIONED IN THIS ARTICLE
New York
Dow
Larry Wachtel
Babe Halsey
Stuart Shields
IBM
Polaroid
Eastman Kodak
Texas Instruments
Texaco