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Article: STOCK MARKET STARTS NEW YEAR STRONG; DOW INDUSTRIALS UP 76.42
- Article from:
- THE JOURNAL RECORD
- Article date:
- January 5, 1988
CopyrightCopyright (null) The Journal Record. Provided by ProQuest LLC. (Hide copyright information)
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NEW YORK (AP) - The stock market got off to a running start on 1988
Monday, rising sharply in buying encouraged by an easing of pressure
on the dollar in foreign exchange.
The Dow Jones average of 30 industrials jumped 76.42, or 3.94
percent, to 2,015.25, for its fourth largest point gain ever. The
record of 186.84 points was set on Oct. 21 last year, just after the
worst of the September-October crash.
Advancing issues outnumbered declines by about 8 to 1 on the New
York Stock Exchange, and other broad measures of stock price trends
turned in impressive showings.
The only missing element for a classic market rise, many
analysts said, was heavy activity. Big Board volume totaled ...