Weeklong Market Rise and Decline on Wall Street
A turbulent week on the New York Stock Exchange saw the Dow Jones average edge up to 922.79 earlier, touch a high near 956, then dip to 947 before Friday’s new peak. Trading volume remained heavy as growth stocks led gains and speculation recovered.
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Gulf Oil
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Cotton market reports mixed week and export totals
The weekly cotton market notes show open interest rising to about 3.745 million bales, with March futures supported by spot strength. Exports through Tuesday reached 455,000 bales, while shipments for the season to Feb 29 were about 49,000 bales, amid expectations of continued volatility from the distribution cut and end-of-season adjustments.
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