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Stock Market Trend #214811

CBS Evening News for Thursday, Feb 11, 1971
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(Studio) Wall Street stock market booming, despite economy generally in doldrums.
REPORTER: Walter Cronkite

(NYC) Volume and prices rising last 2 weeks on stock exchange; long market slump, preceding last 2 weeks, drove out many small investors. [New York Stk. Exchange Research Director, Stan WEST - says investors, keeping stock through long slump, now able to sell at price bought it for.] Large investors account for 60% stock changing hands. [New York Stk. Exchange Vice President William FREUND - says 2 major factors affecting stock prices are interest rates and corp. profits; interest rate decline and rising corporation profits indicate rising stk. prices.]
REPORTER: Mike Stanley

Cronkite, Walter;
Stanley, Mike

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