One reason was overseas buying in the wake of Thursday's interest rate cut by the Bundesbank, which led to cuts throughout Europe.
It can't go much higher," "Thirteen seventy-five, it's overseas buying.
Markets The stock market rallied strongly, lifted by optimism on the dollar and overseas buying of blue-chip issues.
When it had, she'd hired Michael Adams to handle the overseas buying.
Mr. Landis attributed the positive ending to the market's week to short- covering by dealers and overseas buying spurred by a strong dollar.
A wave of overseas buying helped to push up prices of Treasury securities yesterday.
But he added: "There was more to today's incredible performance than the China factor and the overseas buying it provoked.
The recent rally has been fueled by overseas buying.
Although prices had opened sharply higher in thin trading volume, influenced by overseas buying, they ended on the decline.
Platinum and other precious metals soared in response to a weaker dollar and strong overseas buying.