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...dollar would buy less than 98 yen, down about 2% since June 21 and 10% since February. The dollar has also fallen about 8% this year against the deutsche mark, to 1.59 DM last week. Those drops have contributed to a continuing erosion of stock and bond prices. The Dow Jones industrial average was 3647 Friday, down 8% from its Jan. 31 high, while the yield on 30-year U.S. Treasury bonds had risen to 7.6%, higher than when Clinton was inaugurated...
...Dow Jones industrial average rose 13.92 points, closing at 3674.50 . . . N.Y.S.E.'s composite index up 1.03, to 247.57 . . . NASDAQ stock-market composite index rose 4.51, to 705.51 . . . American Stock Exchange gained 1.10, to 424.65 . . . Gold rose $1.20, to $384.60 on the Commodity Exchange in New York . . . The 30-year Treasury bond closed with a yield of 7.61 percent, up from 7.59 late Wednesday. parparparpar
...Dollar once again dropped to postwar lows against the Japanese yen, closing at 98.30 yen in Tokyo and fell to it lowest level this year against the German mark . . . Dow Jonesindustrial average rose 22.02 points, closing at 3674.50 . . . N.Y.S.E.'s composite index up 0.03, to 246.54 . . . NASDAQ stock-market composite index fell 2.29, to 701.30 . . . American Stock Exchange down 0.15, to 423.55 . . . Gold fell $2.10, to $383.40on the Commodity Exchange in New York . . . The 30-year Treasury bond closed with a yield of 7.59 percent, up from 7.58 late Tuesday. parparpar
...Dow Jones industrial average rose 5.83 points, closing at 3,652.48 . . . N.Y.S.E.'s composite index up 0.17 to 246.51 . . . NASDAQ stock-market composite index fell 2.78 to 704.07 . . . American Stock Exchange down 1.02 to 423.70 . . . Gold fell $1.20 to $385.50 on the Commodity Exchange in New York . . . The 30-year Treasury bond closed with a yield of 7.58 percent, down from 7.60 late Friday.parparparparDON'T FORGET to play the TIME Daily contest. The latest question: What's the best (worst) scam you've run into on the Internet or any electronic service? Put your favorites in the Business Folder, under...
...Federal Reserve launched an international effort to halt the dollar's steady slide, but the rescue was largely seen as a failure since the greenback rallied only briefly and the Dow industrials and bond markets plummeted. Earlier in the week currency traders pushed the dollar below the 100-yen mark for the first time since World...