Word: dow
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Dates: during 1970-1979
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...result has been a kind of sexless recovery lacking passion, purpose and satisfaction. No one has got terribly excited about it, least of all the nation's investors. Last week they drove the Dow Jones Industrial Average down to 919, a 14-month low and a drop of 80 points since the start of the year; it rebounded to 927 on Friday. The market sagged despite bullish economic news. The nation's unemployment rate in March dropped to 7.3%, from February's 7.5%. The Commerce Department's index of leading indicators, a harbinger of growth, rose...
...trend toward monopolization of the nation's grocery markets by a few chains is matched by the domination of cropland by a few large, diversified companies, such as Tenneco, Bank of America, Dow Chemical, and Coca Cola. In California, 77 per cent of the agricultural land is controlled by 7 per cent of the growers, who employ 79 per cent of the state's farmworkers...
...distributes Gulf oil products and runs an oil-shipping line in South Korea (New York Times, Oct. 31, 1976). It is said to be a different family from President Park's but Park Tong Sun has also been heard to claim that he is a cousin of the President. Dow Chemical Corporation, once notorious as the maker of napalm, is investing $150 million in a petrochemical complex said to cost $862 million, that also involves Caltex and the Korean government (Chemical and Engineering News...
...Christmas results constituted fresh evidence that consumers are starting to spend again and the sluggish economy is perking up. Other bits of news have pointed the same way. Reflecting a rise in investor confidence, the Dow Jones average of 30 industrial stocks pierced the 1000 mark last week for the first time in three months and closed out the year at 1004.65. The Government's index of ten leading indicators posted a 1% gain in November, its best showing since June. Detroit reported new-car sales up 32.5% from a year earlier in the middle third of December...
...case, few on Wall Street will be sorry to see 1976 end. It has been a strange year, in which a volcanic opening led only to months of puzzlement and frustration. Paralleling the economy's robust first-quarter growth, the Dow spurted ahead 157 points, to 1009, from Jan. 1 to March 24. But for the next six months the market moved listlessly sideways. Tantalizingly, the Dow pierced the 1000 mark no fewer than eleven times during the year, only to fall back every time. On Sept. 21, the index reached 1014, its peak for the year, but then...