GOOD ECONOMIC NEWS BOOSTS STOCKS, BONDS, GREENBACK

Friday, July 29, 1994
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The U.S. economy clipped along at a brisk 3.7 percent pace in the second quarter. But the good news was tempered by figures showing consumer spending slowing and inventories piling up in stores and factories, reversing a nine-month trend. The economic picture caused rallies in stocks and the 30-year treasury bond market -- overshadowing the dollar, which managed to stay above the 100-yen mark for the second day in a row.