The Ticker A Look Back At The Past Week On Wall Street
WHAT’S HOT
It was a week in which the market struck back, if not “The Empire.” The force was with the Dow early, as Tuesday’s trading reached a record 7,067.46, but other factors prevailed later and the index of 30 blue-chip industrials closed the week at 6,931.62, down 37.34 from last week.
Disney finished the week with some strength, up 62-1/2 cents Friday to $75.37-1/2.
The bond market staged a slight rally Friday as buyers took advantage of lower prices after three days of selling.
For the week, the price of a 30-year bond rose 7/32 to 99-28/32, while the yield slipped to 6.64 from 6.65 percent.
WHAT’S NOT
The technology sector continued weak, with IBM falling $3.62-1/2 Friday to $137.62-1/2 and Intel falling $3.50 to $146.37-1/2.
Also on Friday, Phillip Morris was down 87-1/2 cents to $129.12-1/2.
Meanwhile, investors eagerly await next week’s talks to Congress by Alan Greenspan. He speaks to the Senate Wednesday and the House Thursday - and likely the force of his words will be formidable.