Market Update

Oil: Futures prices made up some lost ground as investors reassessed the length of the war. Oil rose $2.05 a barrel to $21.30 in New York.

Dow Industrials: The index fell back 17.57 to 2,629.21. However, shares of some high-technology military contractors rose sharply.

Credit Markets: Prospects for a longer war sank bond prices, but short-term Treasuries benefited as investors sought a safe place to park their money.

Metals: Gold rose in New York by $4.50 an ounce to $378.70.

Currency: The dollar fell as investors turned their attention from the Gulf War to the weak U.S. economy.