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Stocks rally as budget talks lift market optimism
New York stocks reached three month highs this week amid hopes of a breakthrough on the federal budget, with the Dow advancing to 869.20 and the NYSE and S P 500 posting solid gains. Observers warn against premature victory as a recession may linger while a broader rally could unfold later in the year.
MENTIONED IN THIS ARTICLE
Semenek
Sperry
Lee Gunn
Srnded
pNery Wacom
VaEbec
Whitt
Ieee
Earle
Teaco
WalMart
Atusan
NTN
Tech Lee
Tawio
Gemek
Keres
Getrin
Bae
Rai Aw
Santin
Santee
York Boole
Puerto
PS Bey
Frank W. Slusser
UPI
New York
UPD
Dow Jones
New York Stock Exchange
Standard & Poor
NYSE
U.S
Senate Budget Committee
Pete Domenici
R-Nm
Reagan
Wall Street
Federal Funds
Federal Reserve
Falkland Islands
Britain
Argentina
Exxon
Mobil Corp
California Standard
Getty Oil
Atlantic Richfield
Cities
Union Pacific
Pan American World Airways
Braniff
Datapoint
Storage Technology
Flow General