European Stars and Stripes (Newspaper) - March 3, 1991, Darmstadt, Hesse Page 20 athe stars and stripes s. A a a a a a a a sunday March 3, 1991market rebounds to Post new York up a after a break of just one week the Stock Marcet resumed its. Run of weekly gains last week posting its sixth Advance in seven weeks. / it was a week that saw a halt to fighting in the persian Gulf War and a shift in the markets focus to the Outlook for the Economy and interest rates. The Down Jones Industrial average jumped 27.72 Friday to end the Weck at 2909.90. It gained 20.54 Points on the week or about 0.7 percent. Broader Market indexes finished the week at record highs. Standard amp poor a 500-Stock Index Rose 4.82 to end the week at 370.47 and the new York Stock Exchange composite Index added 2.74 to end the week at 202. 39. Advances led declines 1,203-735 among the .2,185 nose issues traded last weekly big Board volume totalled 1,004,768,360 shares the third week in the last four in we Rich there was a billion share turnover. That figure compared with 770,756,610 a week earlier and 808,235,330 shares a year ago. The Dow had four straight losing sessions the previous week and followed with two More monday and tuesday. Monday s session began with a minute of silent prayer for the Allied forces in the Mideast. But then a powerful rally took hold fuelled by the initial Allied Success against iraqi forces in the second full Day of the ground War. Of tuesday profit taking took prices Down sharply even As reports from the persian Gulf detailed further Allied successes in t he War. Analysts said the Market had already accounted for an Early end to a relatively Short War so the Good news tuesday had Little effect on when it became apparent by wednesday that the allies were cutting through the iraqi troops with ease with massive sur rehders by Saddam Hussein a troops the mar Ket did rally snapping a six session losing Streak a a when traders returned to Wall Street thursday they. Managed an Early Advance on the news but the rally ran out of steam. A a / finally stocks closed sharply higher Friday boosted by a More optimistic Outlook for the Economy and buying from investors who had sold stocks Short. On the trading floor last week Rwjr Nabisco when issued Stock was the most Active Issue surging 2 to 9%. Philip Morris followed Down 1% to 66 after surging the previous week when it boosted Cash flow estimates for the next five years. Wasting Houise was third tumbling 2% to 27%. It said it would restructure its financial service sub Advance Sidary because of Uncertain conditions in the Industry parting with. $3 billion in assets and taking a $975 million charge against earn Ings Ford motor was also Active jumping 3-/4 to 33w. It announced a $3 billion Cost cutting plan for 1991 that in eludes Early buyouts and possible layoffs for its salaried workers and the suspension of Merit pay for top managers. A a /. A a a a among the other Blue chips ism lost 2 a to 131, general electric eased i to 68%, Boeing Rose 1% to 491/4 and general motors surged 3% to 39 a As the automakers benefited from the better economic Outlook. Elsewhere stood to Benefit from the business of rebuilding Kuwait rallied oilfield services company Baker Hughes surged 2% to 29 and construction company Fluor soared 614t to 52-vh. On the american Stock Exchange the amex Market value Index Rose 6.13 to close Friday at 348.14. Advances led declines 466-337 among the 991 issues traded. 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