THE GULF WAR: The Home Front : Market Update

Oil: Crude rose 49 cents to $18.86 a barrel on the New York Mercantile Exchange.

Dow Industrials: The stock market rallied with renewed force amid increasing signs that the Gulf War was nearing an end. The 30 industrial average rose 24.51 to 2,889.11.

Credit Markets: Government bond prices closed unchanged to slightly lower.

Metals: Gold settled at $361.70 an ounce, up $2.70 from late Tuesday.


Currency: The dollar was mixed in a session dominated by technical factors and fears that a Persian Gulf victory may not lift the United States out of its economic slump.