Stocks Gain For Day, End Week Lower
NEW YORK, March 17 C/P).ÛÓ The stock market in a. series of violent swings this week ended lojyer despite -strong rallying power.</br></br>It dropped sharply the first three days of the' week and then started a recovery that carried through today.</br></br>The action ended a five-week period of seesawing) that had been going on since prices on an average hit a new high for 1950-51 that hadnÛªt been topped in more than 20 years.</br></br>The Associated Press , average of 60 stocks advanced 20 cents in todayÛªs short session and ended the week at å¤93:70, just å¤1150 under a week ago. At the worst itoint of the week it was down more than double that amount.</br></br>Both the original fall and the subsequent partial recovery held important technical implications. Because of the limited price movements since the early February peak, traders have been expecting a sharp downward reaction.