On this day in economic and business history ...  The fall from
a market peak into a crash is inevitably volatile, but the
rebound out of a bear market can be every bit as wild. The first
great crash of the Great Depression ended on July 8, 1932, but
on its way back up, the Dow Jones Industrial Average endured
some incredible day-to-day changes. The index's 9.5% gain of
Aug. 3, 1932, still stands as its largest single-digit
percentage pop in history, behind only seven other days spread
out over more than a century.  It was the most energetic rise of
the month-old bull market, but the Dow would exceed Aug. 3's
gains on two occasions during the subsequent year. The sudden
surge blindsided many short-sellers, and newspaper reports of
the day credit short covering as one of the day's major
motivating factors. Many reports also credit General Motors with
spurring gains, as the leading automaker announced its intent to
pay a regular $0.25-per-share dividend. The New York Times
reported:  Although the announcement w