Stock Mart Comeback Biggest Since Crash
NEW YORK AP The first six months of 1975 were the best calendar half year for the stock market in 42 years. The Dow Jones industrial Average rose to 878.63 at Monday's close, finishing the half with a gain of 962.76 points, up 42.6 percent from the end of 1974, marking the largest half year point increase for the Dow on record. Data from Hirsch Organization notes the surge as the market's strongest half-year performance in decades.
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Market swings amid historic downturns and late gains
Investment trusts show gains this year after two years of steep declines. The Dow plunged 24.5 percent in 1973 and 27.06 percent last year, amid inflation, oil shifts, and a lingering recession. Analysts see this year’s rise as a partial rebound from the prior heavy losses.
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Profit taking hits market in midday trading
New York stocks fluctuated as profit taking trimmed gains after a market rise to a 19 month high. The Dow industrials fell about 47 points to 87852 as investors weighed government data showing May orders up and manufacturing working to cut inventories.
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