The stock market posted some scattered losses today, retreating after Thursday's rise to new highs.
The stock market showed broad strength Tuesday as the Dow Jones average of 30 industrials set another record, reflecting traders' hopes for non-inflationary growth in the U.S. economy.
Only a month after it galloped past the 1,400 barrier, Wall Street's runaway bull market sped by another milestone Wednesday as the Dow Jones industrial average gained 12.50 points to close above 1,500 for the first time.
The Dow Jones industrial average rose by 39.03 points Friday, the third-largest one-day gain in its history.
The government's main economic barometer rose a moderate 0.4% in July, while the trade deficit fell to $10.5 billion, the lowest since January, the Commerce Department reported Friday.
The Federal Home Loan Bank of San Francisco reported that the monthly cost-of-funds index for July was 9.365%.
Stock prices staged a broad advance on Monday, turning in their strongest showing since the market's early September selloff.
The government's main gauge of future economic activity shot up 1.5% in April, the Commerce Department said today.
The government's barometer of future business activity rose a scant 0.2% during May, the Commerce Department reported Tuesday, indicating that the economy is likely to keep meandering at a sluggish pace.
The stock market rose modestly today, maintaining the solid gains of a robust rally in the previous two sessions and pushing the Dow Jones industrial average to a new high.
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The stock market kept its early 1985 rally in high gear Wednesday with a broad advance that carried some leading indexes to record levels for the third straight session.
Stock prices tumbled in moderate trading Monday, pushed down by a year-end surge of profit taking and news that suggests the economy will remain sluggish through early 1986.
The stock market fell broadly Monday, detouring from the path of steady advances that it has followed in early 1985 amid profit taking and a decline in the price of a key blue-chip issue, IBM.
The stock market rallied Thursday, recovering some of its losses from a sharp decline earlier in the week.
The stock market surged upward again today, extending its late-1985 rally in active trading.
Stock prices drifted lower today amid persistent concern over the recent upswing in interest rates.
Stock prices staged a broad advance in active trading Friday, pushing several market indicators to record or near-record levels.
Responding to falling interest rates, signs of a weakening dollar and a perception that Congress may get around to doing something about the federal deficit, the Dow Jones industrial average Monday closed above the elusive level of 1,300 for the first time.