Stocks Rebound From Monday Nosedive: But Volume Tapers Off
NEW YORK, Aug. 11 (AP)ÛÓThe stock market today recovered slightly more than, a third of the losses sustained in yesterdayÛªs sharp brealc which was the worst since last November. Trading was less vigorous.</br></br>The over-all gain was the best since July 21 but volume declined to 2,980,000 shares from yesterday's 4,190,000, thus detracting somewhat from the significance of the recovery. .</br></br>Generally speaking, the stocks which have have taken the worst losses made the best gains. This put the space age stocks in the forefront of the rebound as they have been hurt badly for five straight sessions, ever since Wall Street digested the possible import of the Eisenhower-Khru-shchev visits.</br></br>The Dow-Jones industrial average rose 4.28 to 658.07. Yesterday it felt 14.78 in the sharpest decline since Sept. 26, 1955 when it dropped 31.85 on news of President EisenhowerÛªs heart attack.</br></br>The Associated Press average of 60 stocks rose $1.50 to $230.70, its best performance since it rose $1.80 on July 21. The industrials gained $2.30, the rails $1.70 and the utilities 20 cents.