Stocks Close Week On A Positive Note

Sat., Sept. 18, 1999

From Staff

Stocks rose Friday as the dollar showed renewed signs of strength against the Japanese yen. As the dollar extended its recovery from the 3-1/2-year low reached Wednesday, it boosted the bond market, which enticed investors back into bank and brokerage stocks.

The Dow Jones industrial average gained 66.17, erasing its 63-point loss on Thursday. For the week, however, the average tumbled 224.80 points, a loss of 2 percent.

Broader stock indicators also closed higher Friday. The Standard & Poor’s 500 rose 16.94 to 1,335.42, and the Nasdaq composite index jumped 62.90 to close at 2,869.62.

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Stocks Close Week On A Positive Note

Jesse Tinsley

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