NEW YORK — The stock market showed no clear trend Friday, running into some resistance after the rally of the previous four sessions.
The Dow Jones average of 30 industrials slipped 0.56 to 1,877.81, barely trimming its gain for the week to 45.55 points.
Energy issues were strong for the second straight session, on conjecture that Saudi Arabia's change of petroleum ministers this week might set the stage for higher oil prices. Mobil rose 3/4 to 38; Chevron rose 1 to 44 5/8; Amoco rose 1 to 65 3/8; Atlantic Richfield gained 1 1/8 to 56 3/4, and Exxon climbed 3/8 to 68.
Bond Prices Retreated
Prices on the bond markets retreated slightly in subdued trading.
The price of the Treasury's bellwether 30-year issue slipped 62.5 cents for each $1,000 in face value as its yield edged up to 7.62% from 7.61% late Thursday.