American Reporter Staff
Los Angeles, Calif.
March 25, 2003
SANDSTORM SLOWS ALLIED PUSH; STOCKS RECOVER AS BUSH DECLARES, 'WE WILL PREVAIL'
MARCH 25, 3:35pm EST -- A blinding sandstorm dramatically slowed the allied advance on Baghdad late Monday as supply lines stretching 250 miles southwards into Kuwait were attacked by irregulars and Iraqi Army units that had been bypassed by the main coalition force.
In New York, news that the U.S. Marine 1st Infantry Division was a scant 50 miles from the Iraqi capital renewd hopes of a relatively quick end to the war and traders erased some losses from yesterday's 307-point drop in the Dow Jones Industrial Average. About 20 minutes before closing, the DJIA stood at 8275, up about 60 points.
The market earlier reacted with a triple-digit gain when President George push declared, "We will prevail."
But later there was negative reaction to a vote in the U.S. Senate to cut the President's proposed $726-billion tax cut to $350 million after he proposed a $75 billion appropriation to fight the new Gulf war. Senators worried aloud that a prolonged war could cost the nation much more than the President proposed yesterday.
Some casualties were reported in firefights across the country, and Iraqi television - which commanders of coalition forces had suggested would be under allied control by now - continued to parade seven U.S. servicemen captured in the series of mishaps that continue to plague the war effort.