Aircrafts Lead Vigorous Market Advance: Steels, Rails Also Rally
NEW YORK, Nov. 6 (AP)ÛÓThe stock market rallied vigorously this afternoon and rescued the list from a net decline on the week.</br></br>Aircrafts, which were down substantially from their highs of the year, were early leaders, along with drugs. The aircrafts had a lot of ground to recover and were helped by a feeling that the Government must continue to spend heavily on defense since the move toward disarmament is getting nowhere. They held substantial gains while drugs turned mixed.</br></br>Steels, which have been dragging badly, perked up. The depressed rail section rebounded from a string of recent declines. Hope seemed to be spreading in Wall Street, brokers said, that the Supreme Court would decide soon now to approve a Taft-Hartley back-to-work injunction in the ' steel strike.</br></br>Electronics, coppers and the big three motors hopped on the bandwagon. Meanwhile, American Motors dropped %.</br></br>Revlon recovered from yesterdayÛªs fractional loss, linked to publicity in the television quiz investigation, and advanced % to 54%.