Weekend Market Report and Takeover Hopes Slump
The market closed mixed with the Dow up 119.88 for the week, as caution grew over a possible UAL buyout revival. British Airways cooled expectations, while blue chips like AT&T, Exxon, Coca Cola and IBM rose, Hercules fell after muted earnings, volume declined, and major indices slipped slightly. Agricultural futures also eased, with wheat, corn, oats, and soybeans mostly lower on profit taking.
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