Stock prices gained ground for the second straight day Wednesday in a hectic session energized by two enormous takeover bids in the communications industry. The Dow Jones average of 30 industrials climbed 16.00, to 2512.32, on top of Tuesday's 15.62-point rise. Advancing issues outnumbered decliners by about 9 to 5 on the New York Stock Exchange, as volume swelled to 213.71 million shares from 187.57 million Tuesday. "It's hard not to be bullish," said Travelers Investment Management senior trader Susan Del Signore. "There's good action in several stocks." The bond market also showed strength, with prices generally rising.
Full text: Chicago Tribune (pre-1997 Fulltext), Jun 8, 1989
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