Dow Rises 9.96, Cutting Loss for Week to 4.62
NEW YORK, Nov. 18ÛÓThe stock market struggled to a modest gain in light trading today, encouraged by hopes for a steadier dollar.</br></br>The Dow Jones average of 30 industrials rose 9.96 to 2062.41, trimming its loss for the week to 4.62 points.</br></br>Advancing issues outnumbered declines by about 3 to 2 in nationwide trading of New York Stock Ex-change-listed stocks.</br></br>Volume on the floor of the Big Board came to 119.32 million shares, down from 141.28 million in the previous session. Nationwide, consolidated volumd in NYSE-listed issues, including trades in those stocks on regional exchanges and in the over-the-counter market, totaled appeared to be a concerted effort to intervene in foreign exchange markets to support the slumping dollar.</br></br>Analysts, however, said many traders were waiting to see whether the dollar could manage a sustained period of recovery on its own.