THE GULF WAR: The Home Front : Market Update
Oil: Prices fell sharply at the end of the trading day, plunging more than $2 a barrel to close at $19.25 in New York, the lowest level in six months.
Dow Industrials: The Dow Jones industrial average jumped 23.27 points to close at 2,646.78. Volume was heavy.
Credit Markets: Bond prices rose for a second day. Markets were briefly whipsawed by rumors that Saddam Hussein’s family had fled Iraq.
Metals: Gold prices stabilized after Thursday’s steep drop. In New York, it rose 80 cents an ounce to $374.20.
Dollar: The U.S. dollar closed broadly lower, sinking fast in the last hour of New York trading.
Sign up for Essential California
The most important California stories and recommendations in your inbox every morning.
You may occasionally receive promotional content from the Los Angeles Times.
