Buffalo stocks rose this week, led by General Motors Corp.
The Buffalo Bloomberg Stock Index rose 1.87 to 204.17. Gainers outnumbered decliners 29 to 19 this week, with two stocks unchanged. The index has risen 5 percent this year.
General Motors rose $3.51 to $62.86 in five days. The company plans a reorganization aimed at turning around its unprofitable Vauxhall and Adam Opel AG units in Europe.
M&T Bank Corp. rose $2.73 to $77.98. Lehman Brothers Inc. analyst Brock Vandervliet rated M&T's shares a "buy" in a report issued Friday.
Hartmarx Corp. rose 24 cents to $2.70. Shares of the Chicago-based apparel maker, whose brands include Hickey-Freeman and Racquet Club, have gained 14 percent this year.
Among this week's decliners was Moog Inc., which fell $3.80 to $33.50. Shares of the Elma-based maker of aerospace and industrial-control equipment have gained 26 percent in 12 months.
Bethlehem Steel Corp. fell $1.37 to $2.05. The company said Wednesday that it will be writing off its $3 million equity interest in MetalSite, an Internet site for buying and selling steel that ended operations this month.
The employee-weighted list of 50 companies with operations in the Buffalo region was developed with a base value of 100 as of Dec. 30, 1994. The index set a 52-week high of 208.54 May 22, and a 52-week low of 160.20 July 14.