European Stars and Stripes (Newspaper) - March 24, 1991, Darmstadt, Hesse Page 20the stars and stripes sunday March 24, 1991ibm, Chi woes bring Stock Market Down new York l Pic International business machines corp. Stumbled last week so the Stock Market fell with it. In addition inflation figures from the consumer Price Index came in higher than expected adding further to the markets decline. When ism one of the biggest companies in America said it expected first Quarter earnings to fall below analysts projections the Market plunged some other firms also said they expected subpar earnings adding to the the Dow Jones Industrial average advanced 3.96 Friday to end the week at 2858.91. But for the week the Dow declined 89.36 a a about 3 Market indexes also declined for the week Standard amp poor a 500-Stock Index fell 6.11 to 367.48 and the new York Stock Exchange composite Index lost 2.95 to 201.13. A declines led advances 1,048-833 among the 2,189 nose issues traded last week. Weekly big Board volume totalled 892,142,050, compared with 978,259,430 the prior week and with 758,092,320 a year ago. William Raftery technical analyst at Smith Barney Harris Upham amp co. In new York said a we had a 400-Point sunup on the Dow in january and february. This is a Normal consolidation of however a some stocks were hit and hit hard a he added. A when a big name like ism is involved people get a besides ism a the whole technology Trade group got hit a Raftery said. The Dow industrials 16-Point loss thursday was mainly in the technology stocks if the decline had been broader based the Market would have dropped.40, he said. Gail Dudack Market strategist for . Warburg amp co. Inc. In new York said the big Story last week a was ism and the Chi. We got a double dose in the same Day a that a burst the bullish sentiment Quot Dudack said. A we were Riding a wave of optimism since Jan. 16,�?� the Start of the persian Gulf War. Market analysts she said a discounted a Short War which happened and a Short recession a which May happen. A the positive aspects aside Dudack said. A this week gave us a dose of on the trading floor last week Lockheed was the most Active Issue dropping 1% to 41 a. Texas investor Harold Simmons sold 12 million shares and dropped his attempt to win three seats on Lockheed a Board. Ism was next off 15v& to 1111/. Waste management was third off 4 a to 37yh. Rwjr Nabisco Stock when issued was fourth up % to 11. The company said it planned to sell 75 million shares arid $750 million in a new Issue of senior debt. On the american Stock Exchange the amex Market value Index dropped 0.56 to close Friday at 352.59, Down 0.04 for the week. Declines led advances 446-397 among the 1,000 issues traded for the week. Amex volume totalled 71,156,675, compared with 70,477,255 traded a week earlier and 80,770,585 traded in the same week a year ago. 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