Electronics Spark Strong Stock Rebound: Trading Volume Expands
NEW YORK, April 24 (APIÛÓWide gain* by electronics anti selected issues combined with solid gains by blue chips to give the stock market a snappy recovery today.</br></br>Gains by key stocks represented in the popular averages went from fractions to about 2 points. Among secondary issues the gains went to as much as 1414 by highflying Zenith.</br></br>The two makers of compact autos, Stude-baker-Packard and American Motors, continued as the top trading favorites. Today, however, American Motors dipped on profit taking. Studebaker-Packard resumed its rise fractionally.</br></br>The AP 60-stock average rose $1.30 to $227.90 with the industrials up $3.00 to a record high, the rails up 40 cents and the utilities up 10 cents. The Dow-Jones industrial average rose 4.12 to 627.39.</br></br>It was the first time Ford had closed higher than the 64% original price when Ford stock was first sold publicly in January 1956.