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Market Rally Persists as Dow Rises in Court Losses
The market extended gains with the Dow Jones industrial average rising about 1.8 percent to near 82.09 after a rally spurred by a 10 percent prime lending rate. Banks including Wells Fargo and First National City Bank led the move while Telex rose briefly on a court ruling against IBM in Tulsa. The House committee questioned banks over the rate hikes as traders watched further Fed actions.
MENTIONED IN THIS ARTICLE
New York
New York Stock Exchange
Wells Fargo Bank
First National City Bank
Itas
Matte Gordon
Dreyfus Corp
Nath IBM
Telos
U.S
Tulsa
Ohla
Telex
IBM
1HM
Akw
Telex Pone
American Stock Exchange
Pridsy
Walls Fargo Bank
Comenittee
Elsi
Ban Anterieda
Jeff Satake