Stocks Rally As Witching Hour Lifts Market
New York AP The stock market rose sharply on Friday extending yearend gains amid the quarter end witching hour involving stock-index futures and options. The Dow gained 50.90 to 1,975.30, with a weekly rise of 108.26. Volume on the NYSE reached 276.22 million shares as advancers outpaced decliners more than 3 to 1. Major blue chips posted gains including GE, AT&T, Eastman Kodak, Merck, and IBM, while Citicorp, Chase, Chemical NY, and J P Morgan also rose. The day saw mixed trading with some contracts settled at opening prices, others at close, amid dollar strength and lower rates. The Labor Department reported November CPI up 0.3 percent. Overall market value rose about $54.8 billion. S&P indices advanced and the Nasdaq composite was incomplete in the report.
MENTIONED IN THIS ARTICLE
NEW York
New York Stock Exchange
NYSE
Alan Greenspan
Federal Reserve Board
Labor Department
General Electric
American Telephone & Telegraph
Eastman Kodak
Merck
International Business Machines
Texaco
Pennzoil
Citicorp
Chase Manhattan
Chemical New York
J.P. Morgan
Central Hudson Gas
Wilshire Associates
Standard & Poor
duPont
Mobil
EaglePch
Monsanto
EstKodaks
Navistar
Echlin
EmersonEs
Ve Enron
Nucor
Exxons
Tvs Nynex
FMC Cp
Occident Pet
Chicago
Firestone
Okla GE
FordMotr
ONEOK
FordMotel
Va PacTels
GTE Corps
Pan Am
Ve Panhecp
GenElct Ss
Rm Penneyjc
Bende
GenMills
PeopleEn
AMR Corp
Gen Motors
PepsiCo
AllegisCo
Philipind
Va AlliedSignal
GaPacif
PhilipPet
viAllisChal
Uss GerberProd
Alcoa
Vea Goodrich
Amsbrands
Va Goodyear
Pullman AmCyans
GraceCo's
Quaker
Schlumbrg
Arkla
HCA
Ye SearsRock
Armtek
HuffyCp
Smithint
Va AdRichild
Va IE Indust
SmithBeck
Vas
We Bandag Corp Sounengel
BellAtlan
IBM
BellSouths
SunComp
Beth Steel
Va Interstew
TRW Inc S
Boeing
Lowalll GE
iiTexaco
Borden
Va lowaRsc
Textron
Va Timken Co
Brunswcks
Ye Johnson
E Burlinth
Kmarts
Trinova
Cbs
Eng
Ve Usg
Va Cpc
Va KanGasEl
USX Corp
Katy
Chevron
Kerr Mcgee
UnPacCo
Chryslers
Va Koppers
Va Citicorps
Krogers
US West
Comw Edis
Va Litton and
Wiims Cos
DeereCo
Weekend Market Report Elation Drives Bond and Commodities Slant
Treasury bond futures rose on optimism over possible deficit cutting tax action, with long bond December at 89 13 32. Energy futures opened higher on NYMEX then retreated on profits, WTI crude at 15.58, heating oil 48.73, unleaded 40.94. Wheat and soybeans gained on the Chicago Board of Trade while corn eased slightly.
MENTIONED IN THIS ARTICLE
Treasury
Chicago Board of Trade
New York Mercantile Exchange
West Texas Intermediate
U.S
First State Development Funds Out Topeka Kansas
Allen Bell of the Kansas Development Finance Authority announced the first issuance of 16.28 million in certificates of participation to finance state department equipment purchases. The move aims to save about 1.6 million in interest versus lease or installment financing, with an average 6.6 percent interest. A 17 firm banking network purchased the certificates, 15 with Kansas or Kansas City offices. A second issuance will finance a Wichita state office building purchase.
MENTIONED IN THIS ARTICLE
Topeka
Kan
Allen Bell
The
Kansas Development Finance Authority
Bell
Kansas
Kansas City
Wichita
Bloodshed in Gaza and Jerusalem as clashes flare
On Friday Israeli forces killed three Palestinians and wounded at least six in Gaza while riot police in Jerusalem dispersed about 300 Arabs at Al-Aqsa with tear gas. Protests surged in Bureij and Shifa Hospital grounds as troops entered to chase attackers, with Arab reports of higher casualties.
MENTIONED IN THIS ARTICLE
Bureij
Gaza Strip
Gaza
Jerusalem
Al-Aqsa
West Bank
Egypt
Israel
Jordan
Middle East
Mughrabi
Gaza City
Palestine Press Service
Prophet Mohammed
El-Omari
Shifa
Khan Yunis
Rafah
Palestine Liberation Organization
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Weekend Market Report
Stivateledeer Ky
South Main
Ottawa
Authenic Miniature Toys
Aden
Sheldon Equipment Co. Inc
S. Walnut
Plaza Cinema
Owl
Michael Douglas
Glenn Close
Banks
Chamber of Commerce
CffeMouse and HisChild
Hill House
Disney Channel
E. 2Nd St
S. Main
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