Word: upswinging
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While the 1964 tax cut has undoubtedly helped profits some, it is a minor reason for the upswing; so far, it has lowered corporate tax levels only 2%.
The Leaders. Nine issues in particular have spurred the 30 stocks that make up the Dow-Jones average. The greatest upward momentum was provided by American Telephone & Telegraph, whose shares have moved from 691 to 741 since they were split a fortnight ago. Chrysler and General Motors have also been...
No Kiting. The market has given the bulls many strong points to bellow about. April, with an average of 5.6 million shares traded every day, was the third most active month in Big Board history (behind June 1933 and October 1929). Daily trading volume is now poking above 6,000...
He has gained the confidence of businessmen and labor leaders, proudly and often recites statistics to show a national economic upswing. At one of last week's press conferences he said: "I don't know that any of my tactics are responsible for what the economy is doing...
∙AMERICAN MOTORS. Though its sales (113,827) also set a company record, American Motors dropped from 6.2% to 5.5% of the market. Its problem was that, with only smaller-sized autos to sell, it missed out on the upswing in large-car sales. The company hopes to correct the...