European Stars and Stripes (Newspaper) - July 7, 1991, Darmstadt, Hesse                                Sunday july 7, 1991 the stars and stripes a Page 19shortened week results in lacklustre Market new York up a the Stock Market showed no trend and a Small gain last week in Holiday shortened trading. Many traders More interested in enjoying thursdays fourth of july Holiday than buying and Selling stocks left Early in the week and volume evaporated Friday. The Market which gained the first two Days and fell the last two managed a rally Early in the week but then traders closed their positions on wednesday and took a Long weekend. For the week the Dow Jones Industrial average advanced 25.72 to 2,932.47, a gain of less than 1 percent. That ended the markets two week losing Streak but there was so Little activity analysts said the gain lacked conviction. Broader Market indexes like the new York Stock Exchange composite Index and Standard amp a oort a 500 Index increased. The a amp a 500 Index Rose 2.92 to end the week at 374.08, and the nose composite increased 1.41 to end the week at 204.92. Advances led declines 1,046-825 among the 2,193 nose issues traded last week. Weekly big Board volume totalled 642,471,000, compared with 972,280,677 the prior week and with 605,982,760 a year ago. The Market surged monday to a gain of 51.66, boosted by a Cut in the japanese discount rate. The Market continued the rally tuesday rising 14.31, helped by an Advance in the Price of Walt Disney  Stock.  a plunge in the Tokyo Stock Market wednesday and traders eagerness to sell their positions before the Holiday stocks fell 38.02 wednesday. Most traders took a Long weekend on Friday and volume was the lightest this year As the Dow wandered to a loss of 2.23. Higher unemployment in june also pushed some stocks lower. A it was an inconclusive week a said Hildegard Zagorski Market analyst at Prudential securities inc. A this is a Holiday week so the volume is exceptionally Low and everything is  before traders rushed to their summer retreats wednesday they sold their positions which accounted for the markets Large decline that Day Zagorski said. Despite the gain last week she said the markets a trend was downward. Second Quarter earnings Don t look Good. The Market is Drifting and there a uncertainty about the economic recovery or about if there is a  agreeing was Richard Kelley senior vice president at Dain Bosworth inc. In Omaha neb. A a a this was a nothing week most of Wall Street took off a Kelley said. A but there Are some negatives. Well see some earnings next week. A. Already High technology companies like ism and some Banks have indicated they expect poor second Quarter numbers a that creates Clouds of uncertainty and Wall Street does no to like Clouds a Kelley said. The higher unemployment numbers May have re kindled inflation he said. Also the japanese Market kept falling hurting the . Market. On the trading floor this week Rwjr Nabisco was the most Active at uht unchanged. Pepsico was second closing at 29>,s, up 1 s. Pepsico said a quarterly charge was possible due to a review of its operations at frito Lay the company a snack food subsidiary. Frito Lay expects Flat to lower earnings for the second Quarter. At amp to which altered the terms of its merger Deal with nor to Settle questions about its accounting treatment was third at 38%, up %. Philip Morris was fourth on the Active list at 65�vs. Up 2%, followed by american express at 22, off /. Ism which announced an Alliance with Apple computer was also Active at 98%, up 1 /. On the american Stock Exchange the amex Market value Index Rose 1.00 to close Friday at 359.41. For the week the Index increased 1.29. Advances led declines 408-353 among the 987 issues traded for the week. Amex volume totalled 45,244,415, compared with 68,040,225 last week and 45,069,470 the same week a year ago. 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