New York Stock Market Bounces Back With Gains
The New York stock exchange closed higher after a dip, with the Dow Jones average up 4.1 points to 492.67 and volume near 12.9 million shares. Of 1,599 issues, 729 rose, 604 fell, and 63 new highs were set for the year while 53 hit new lows, as brokers cited profit-taking easing amid speculative buying ahead of President Nixon’s Vietnam address.
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