Reagan Says Crisis Seems Over; Analysts Skeptical: THE STOCK MARKET ...
The stock market staged its biggest one-day rally in history yesterday, but many Wall Street analysts disput-ed President ReaganÛªs declaration that the crisis appeared to be over.</br></br>The Dow Jones industrial average soared 186.84 points to 2027.85, propelled by investors looking to pick up bargains and the announcement of stock buyback plans by more than 90 corporations.</br></br>The surging stock prices on all major U.S. exchanges were part of a global rebound from MondayÛªs historic drops, which wiped out more than $500 billion in domestic stock market value. The continuing huge volume of trading is confronting Wall Street with an unprecedented administrative challenge as firms prepare to deliver securities to buyers.</br></br>S.	Ruder said he had directed the agencyÛªs staff to undertake an immediate review of the market plunge Monday, when the Dow fell 508 points, to determine what steps should be taken to limit volatility in the future. Much of MondayÛªs drop has been blamed on computer-driven program trading in stocks and stock index futures.</br></br>Wall Street executives responded to the calls for reform by suggesting regulations that would limit daily swings in stock index futures prices. They said daily price limits similar to those that exist in other futures See STOCKS, A20,CoLl