Major Stock Indexes Surge to Year's High: Peace Talk Helps Auto List Buoyant Block Trades Fewei
NEW YORK, Oct. 18 *-Feeling its way around at first, the stock market built to a roaring finish this afternoon, closing out the week with all the major market indicators at new highs.</br></br>The Dow Jones industrial average closed at its highest level of ithe day and the year, ahead 8.58 points at 967.49.</br></br>Standard & PoorÛªs 500-stock composite was up 0.81 point to 104.82 and the New York Stock Exchange index rose 0.41 point to 58.91.</br></br>Trading volume built up as the day wore on, but never approached ThursdayÛªs totals, the third highest in history. By the close, 15.13 million shares had changed hands, compared with 21.06 million in the previous session. The ExchangeÛªs ticker tape lagged behind floor trading for only a short time in the morning, but trailed again for most of the final 30 minutes, with the delay as much as three minutes at the close.</br></br>Advancing stocks led declines by 811 to 565, compared with 849 up and 566 down in the previous session. There were 129 new 1968 highs, down from 143, and 13 new lows nn from 12.