Word: dow
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Dates: during 1970-1979
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Still, the board generally agreed on the picture for the rest of 1973: sheer momentum will propel the gross national product to a new peak of roughly $1,282 billion, a gain of $130 billion from 1972. Last week boom euphoria even lifted the battered stock market; the Dow Jones industrial average leaped 29 points on Thursday, its biggest one-day jump in 21 months. The rise partly reflected news that U.S. international trade has swung back into surplus...
...enjoys a nightmare situation," says a Dallas associate-and that is exactly what Perot has found on Wall Street. Though the stock market last week rebounded from a four-month tail spin, prices as measured by the Dow Jones industrial average have still fallen 15% from their mid-January peak...
...Geneen era. That is a painful blow to corporate ego. ITT executives have long pointed proudly to the company's record of profit growth, thus implying that its stock should sell at a price-earnings multiple considerably higher than that of the blue chips in the Dow Jones average-which currently go for a composite 14.2 times earnings...
...making people rush to buy appliances, cars and houses before prices go even higher and before bad times come; such scare buying tends to prompt exactly the price boosts that consumers fear. Another index of confidence in the economy, the stock market, also took a pounding last week; the Dow Jones industrial average fell 41 points...
...economy zips into the second quarter with production, profits and employment all rising, Wall Street continues to sink deeper into its private depression. Stock prices continue to drift downward; last week the Dow Jones industrial average closed at 931, off 121 points from its high of 1052 less than three months ago. Far more frightening to brokers, there are growing indications that a sizable slice of the public has been turned off stock investments. The latest New York Stock Exchange survey shows that in 1972-the very year in which the Dow Jones average finally cracked the magic 1000 barrier...