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Investment Figures Of The Week


Investment Figures of the Week

Investment Figures of the Week

COMMENTARY

The stock market rallied in the dog days of summer, taking investors on a wild

ride. After huge short positions sparked a 70.90-point gain on Aug. 24, the Dow

closed at 3913 on Aug. 31, its highest level since Feb. 22. Signs of slowing

economic growth helped, as inflation fears abated. The high-octane news: A

proposed $10 billion merger between Lockheed Corp. and Martin Marietta Corp.

That sparked a rise in defense stocks and fueled speculation of more merger and

acquisition activity.


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