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Article: STOCK MARKET ADVANCES; WEEK'S GAINS 4TH BEST EVER MILKEN UPSET BOESKY HELPED INTERSTATE STATUS MAY CHANGE KEYCORP DIVIDEND 34 CENTS CONSUMER GROUP ADMITS ERROR VW INVESTS IN EASTERN GERMANY FREE-TRADE PACT HELPS CANADA BNE REPORTS $123 MILLION LOSS.(Business)
- Article from:
- Albany Times Union (Albany, NY)
- Article date:
- October 20, 1990
CopyrightCOPYRIGHT 1990 Albany Times Union. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: -Staff and wire reports
The stock market closed the week with a red-blooded rally as tumbling oil prices and hopes for a federal budget agreement boosted the effects of expiring options and futures contracts. The Dow Jones industrial average, up 64.85 points in Thursday's session, tacked on another 68.07 points to close at 2,520.79. Volume was a heavy 221.48 million shares on the New York Stock Exchange, compared with Thursday's 204.12 million shares.
The Dow was up 122.77 points for the week, marking a gain of 5.1 percent and more than wiping out last week's losses. The weekly advance was the fourth-largest in the Dow's history. In the last ...