THE GULF WAR: The International Front : Market Update
Oil: Oil prices plunged $1.44 to $20.88 a barrel on news that Iraq might consider pulling out of Kuwait.
Dow Industrials: The blue chip indicator soared 57.52 points to close at 2,934.65, fueled by hopes of peace, positive economic news and waves of computer-driven buying.
Credit Markets: Bond prices were mixed as the allies dismissed the Iraqi peace overture and the government released some upbeat economic news.
Metals: Gold prices settled at $364.40 an ounce, down $3.80 from Thursday on the New York Commodity Exchange.
Currency: The dollar rose as news of the surprise Iraqi proposal fueled hopes of a short war in the Persian Gulf.
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