THE MARKETS

Friday, Aug. 18, 1995
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Investors backed away from multinational companies as the dollar unexpectedly rebounded. Investors refocused on stocks of smaller and mid-sized companies and high tech firms. Blue Chip stocks fell and technology and small cap stocks strengthened, pushing the Nasdaq index up 2.04 to a record high of 1,031.28. For the week, the index finished up 27.17, an increase of 2.7 percent. The Dow Jones industrial average fell 13.03 to 4, 617.60. In moderate trading, advances led declines, 1207 to 996 on a volume of 312 million shares. The S & P 500 closed at 559.21, up 0.17. In London, gold closed up $1.00 at $384.50.
Photographs Faulkner by AP/Pool Iraq by Ali Jarekji/Reuters York by Pool Whitewater by Doug Mills/AP Tyson by Blake Sell/Reuters