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Publication: European Stars and Stripes Sunday, November 25, 1990

You are currently viewing page 16 of: European Stars and Stripes Sunday, November 25, 1990

     European Stars and Stripes (Newspaper) - November 25, 1990, Darmstadt, Hesse                                Page 16the stars and stripes sunday november 25,1990 Oil Price hike helps Dampen new York up a stocks lost ground thanksgiving week As the previous weeks rally prompted by an interest rate Cut designed to Rescue the faltering Economy ran out of steam. The Dow Jones industrials lost 12.13 Friday to end the week at 2527.23. The Blue Chip average lost 23.02 for the week a 0.9 percent decline. Among broader Market indexes Standard amp poor a 500-Stock Index fell 2.02 to end the week at 315.10 and the new York Stock Exchange composite Index lost 0.91 to end the week at 172.39. Declines led advances 975-831 among the 2,132 nose issues traded last week. Weekly big Board volume totalled 619,951,551 shares compared with 817,688,930 a week earlier and 507,666,690 shares a year ago. Some carryover buying from last weeks rally fuelled gains in the Market monday. Continued optimism about the Outlook for interest rates allowed the Market to overcome a Sharp Rise in Oil prices. The Rise of almost $2 a barrel in Oil monday was brought on by news that Iraq said it would Send More than 250,000 additional troops to Kuwait in anticipation of a possible attack by the  multinational Force in the persian Gulf. Stocks fell sharply tuesday accounting for most of the weeks loss As bad news about some individual stocks specifically Boeing sent jitters through a Market already nervous about what was happening in the Mideast. Boeing a the weeks most heavily traded Issue a plunged after Goldman Sachs reportedly removed the Stock from its buy list citing costs of developing the Iii As the most Active Issue on the trading floor this week Bering closed off 134 to 445/6. Texas utilities followed off v2 to 3634, the staff of the Texas Public Utility commission reportedly recommended the company refund about $593 million to customers for Gas costs the commission deemed imprudent. Ism was third off 1 to h25/6. On the american Stock Exchange the amex it a. Value Index lost 1.62 to close Friday at 295.90. Decline i 5 advances 408-349 among the 974 issues traded. Amex volume totalled 37,218,035 shares compare in 50,647,295 traded a week earlier and 44,302,935 Trade the same week a year ago. A it Corona class a led the amex actives unchanged at to the National association of securities dealers com site Index lost 1.82 to end the week at 349.04. Stocks Courtesy of Merrill Lynch a Mph Frankfurt a closing prices a i. 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