Auto List Leads Rally in Stocks: Far More Gainers CIT Off 8 Points Magma Copper Jumps
NEW YORK, Nov. 15ÛÓSelling pressure in the auto group let up today and allowed blue chips to get back into an upside groove with the rest of the stock market</br></br>The autos, prime culprits in pushing the Dow Jones industrial average back from its assault on its 1968 high, took in- some more selling in the morning and then moved higher.</br></br>The Dow sketched roughly the same path, slipping a couple of points early in the day before coming back to post its fifth advance in the last six sessions. The dayÛªs final figures showed the Dow ahead 1.99 points at 965.88.</br></br>Standard and PoorÛªs 500-stock composite was up 0.58 point at 105.77 and the New York Stock Exchange index rose 0.33 point to 59.65. Both those indicators were in profitable ground right from the opening.</br></br>-Trading volume held at a high level. The ExchangeÛªs ticker was late for a brief spell at the opening, but then trailed by three minutes at the close. In all, 15.04 million shares crossed the tape, slightly ahead of the 14.9 million traded on Thursday.