THE GULF WAR: The Home Front : Market Update
OIL: Oil prices jumped 89 cents to $21.85 per barrel as a new wave of war jitters pumped up a sluggish market.
DOW INDUSTRIALS: The average of 30 industrials rose 8.16 points to close at 2,662 in directionless trading.
CREDIT MARKETS: Bond prices edged higher but trading moved at a glacial pace as traders awaited fresh economic news and action in the Persian Gulf War.
METALS: Gold fell slightly in New York, down 60 cents an ounce to $376.10 on the Commodity Exchange.
CURRENCY: The dollar closed higher, boosted by what currency traders considered an escalation of the war.
Start your day right
Sign up for Essential California for news, features and recommendations from the L.A. Times and beyond in your inbox six days a week.
You may occasionally receive promotional content from the Los Angeles Times.
