Dow dives points at close, after historic 1,point plunge - Aug. 24,

Kissinger Talks to the President on Truce Session: He Also Confers With Other Officials Before Round of Negotiations in Paris: Tho Stopping In Peking: South Vietnamese Aide, Leaving for Parley, Says Changes in Draft Are Necessary. City Relief Rolls Were Up Only This September: Rise Compares With 8, in '71 Period - Mayor Calls 'Zero Growth' Possible.

New Motive Seen in Munich Attack: A Plan for Arab-Israeli Talks May Have Been Thwarted by Palestine Guerrillas. Second Big Storm in Week Hits City: Trims Raises at 4 Papers Here: Soviet Will Seek Trade Credit Here: Needham, in Moscow, Says Russians Will Explore Financing Next Year. The Dow Jones industrial average closed above the 1, mark yesterday for the first time in history.

Man who called Dow 20, says stock market could see 1,point surge if Trump resigns - MarketWatch

It finished at 1, As for the perminence of it -- well, I just don't know. Last Friday, the Dow surpassed 1, during the course of a day's trading, but it fell back below the landmark figure by thew end of the session.

Dow 21, matches the fastest 1,point march in history - MarketWatch

But yesterday the marker was not to be denied. The Dow finally put it all together, the peace rally, the re-election of President Nixon, the surging economy, booming corporate profits and lessening fears about inflation and taxes and controls and other uncertainties of Glamour stocks shared honors with blue chips as the Dow surpassed its former high of It has benefited from various brokerage-house recommendations and from analyst forecasts of improved profits after three years of an earnings plateau.

American Telephone, with more than three million shareholders, is the nation's most widely owned stock.

With such kingpin issues leading the forward surge, the market fed on its own momentum. The Dow forged past 1, at 1: This was the traditional visual signal to show that one minute of training time remained. At the same moment, a bell began clanging on the speaker's rostrum - the auditory warning. Traders, brokers and clerks on the floor - aware that history was in the making - broke into cheers that lasted about 20 seconds.

Some paper was tossed in the air and drifted down like confetti.

Several hundred persons on the floor then turned to face newsreel cameras grinding away on the member's gallery, some brokers waving like fans at a football game.

Big Board volume also gave the exchange community something to cheer about. It rose to An office broker, watching the stock tape from his desk downtown, murmured in wonderment: The 30 Dow industrials, which account for nearly one-forth of the market value of all common stocks on the Big Board, have raced to a record high largely because of a fundamental change in investor attitude during the last month. Money has tended to flow increasingly into well-known stocks with low price-earnings multiples, rather than into glamour issues with lofty ratios.

Both General Motors and General Electric advanced a point.

Phillips Petroleum, yesterday's volume leader, rose 1. Analysts ascribe this pullback in Superior Oil, which treaded to a new high last Friday, to the current earnings multiple of Word of the Day.

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Read the full text of The Times article or other headlines from the day. Dow Jones Finishes Above 1, Special to THE NEW YORK TIMES OTHER HEADLINES Kissinger Talks to the President on Truce Session: South Vietnamese Aide, Leaving for Parley, Says Changes in Draft Are Necessary City Relief Rolls Were Up Only This September: Rise Compares With 8, in '71 Period - Mayor Calls 'Zero Growth' Possible New Motive Seen in Munich Attack: A Plan for Arab-Israeli Talks May Have Been Thwarted by Palestine Guerrillas Second Big Storm in Week Hits City: Martin Dies, 71, Is Dead; Led Un-American Activities Unit Much-Heralded by B.

Chief Ordered Jet Tires Shot Out Soviet Will Seek Trade Credit Here: Needham, in Moscow, Says Russians Will Explore Financing Next Year Enemy Pullbacks Reported Near Saigon and the DMZ. Copyright The New York Times Company Children's Privacy Notice.