Back And Forth

The Dow Jones industrial average had a bumpy ride last week but managed to post modest gains on Friday, ending the week down slightly at 10,284, a .2 percent decline. Ford raised its third-quarter and year-long forecasts, propelling the market to gains on Friday along with other blue-chip winners, including GE, Exxon Mobil and Procter & Gamble. But the momentum was offset by yet another rise in the price of oil as crude futures ended at more than $45 a barrel, concerning investors. In ad-related financial news, shares in Grey Global Group closed at $999.40, up 1.9 percent on the week, following WPP’s successful bid for its assets. On the Big Board, Omnicom shares rose 2.2 percent to close the week at $70.24, while IPG’s stock price slid 2.4 percent to $10.93. WPP, trading as American Depository Receipts on the Nasdaq, rose 1 percent to finish at $47.35.