European Stars and Stripes (Newspaper) - February 17, 1991, Darmstadt, Hesse Sunday february 17, 1991 the stars and stripes Page 17 in Row new York up a the Dow Inglus trials posted their fifth straight weekly gain in very heavy trading rallying More than 100 Points for the second week in a Row and Topping the 2900 level for the first time since july. And broader indexes stood at record highs the Dow Jones Industrial average soared 57.42 Friday to end the week at 2934.65, surging 103.6 Points about \ 3.7 percent Over the five sessions on the heels of an Advance of exactly 100 Point s the previous week. Quot. Fridays close was the highest Bri the Dow since 2961.14 on july 20, when the Market was on its Way Down from the Blue Chip averages record close earlier that week of 2999.75. The Dow has moved up a stunning 465 Points from its january Low of 2470, when Hopes faded for a peaceful settlement of the Mideast crisis the week before fighting broke out. Y broader Market indexes finished the week at All time highs. Standard and poor s 500-Stock Index gained 9.71 to end the week at 369.06 and the new York. Stock Exchange composite Index added 5.19 to end the week at 201.29. Secondary markets kit Pace in the sunup As Well. Advances outpaced declines 1,431-530 among the 2182 nose issues traded last week. Weekly big Board volume totalled i 1.183,800.870 shares the second straight week of billion share turnover and compared with i 287,983,790 a week earlier and 743,060,600 shares a year ago. The Market started off with a bang but see sawed sharply for the rest of the week. Stocks surged 71 Points monday to Levels last seen before Iraq invaded Kuwait aug.2 As the bullish momentum from the previous week s rally roared through the Market. The Riet four sessions saw Sharp losses followed by Sharp gains a a 3s-Point loss tuesday to profit taking a 34-Point jump wednesday a 32-Point Retreat thursday capped by a late buying spree linked to the a double witching hour Quot expiration of futures and options financial instruments took the Dow up almost 60 Points. A analysts said iraqis conditional offer to pull out of Kuwait also played a role in fridays rally. The offer to withdraw forces from Kuwait was conditioned on among other things Israel withdrawing from its occupied territories a linkage that has been unacceptable to Washington from the beginning of the crisis. But on the trading floor last w Eek Boeing was the most Active Issue tumbling /4 to 49 amid concerns Abonit postponed aircraft orders. Philip Morris followed up 24 to 62. Citicorp was third up 2l s to 16 h. V. Among the other Blue chips. At tit. Gained i to ,.ibm soared 7 a to 137%,. A pc general electric surged 4 v to ups Mcdonald a climbed311 Wiuf american. Express jumped 2�?~s to 2fl a general motors was u Nch a it cd e to it i n e a si.6 billion fourth Quarter loss on thursday. Elsewhere Ford motor which is not a Dow Stock managed a gain of v to 31 g despite Post ing a s 519 m i 11 i on loss of t h c Quarter a its first quarterly toss in eight year s. A a on the american Stock Exchange the amex Market value Index ,5.85 to close Friday at 342.73. A advances led declines 546-304 among the traded. Amex volume totalled 88,977,305 shares compared with 93,166.815 traded a week earlier and 60,662,460 traded in the same week a year ago. Wang labs class b shares led the amex actives up 31. The National association of securities . Index surged 11,91 to end the week at 448.71.mutual funds from Page 16 National funds. Bond a -. 1.41 a Cate v 13.11 feds. 916. Elba la p 11.44 a Slock 8.27. Tax sex 10.20. Tollne. B.41 a. 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