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Article: MARKET CLOSES AT RECORD HIGH STOCK MARKET REBOUNDS AS DOW TOPS OLD RECORD.(News)
- Article from:
- Daily News (Los Angeles, CA)
- Article date:
- May 6, 1997
CopyrightCOPYRIGHT 1997 Daily News. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Jonathan Fuerbringer The New York Times
The stock market rallied across the board Monday as the Dow Jones industrial average soared to a high and stocks of smaller companies continued a resurgence that has seen them climb almost 8 percent in a little more than a week.
The Dow jumped 143.29 points, or 2.03 percent, to 7,214.49, outstripping its former high by 129 points. The Dow has now recovered the ground it lost in the March-April sell-off and much more. The Standard & Poor's index of 500 stocks also hit a high, finishing at 830.29, up 17.32 points, or 2.13 percent.
But even more spectacular was the performance of small-capitalization ...