Word: dow
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Dates: during 1970-1979
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...rush to rebuy? For one thing, the price is right. Since the Dow Jones industrial average began sliding from its peak of 1,052 in January, the shares of many companies have fallen to what corporate officers regard as unreasonably low levels. Thus company treasurers are scrambling to buy up shares that they can use for several purposes. Among them...
...last week, U.S. financial markets staggered through a period of startling turbulence. On Wall Street, stock prices nosedived. The Dow Jones industrial average fell 40 points to 923, down 12% from the record high of 1052 in mid-January. Stock traders clearly shared the national anxiety about resurging inflation (see THE NATION). But investors had another major worry: rising interest rates, pointed up by an unusually sharp jump in the bank prime rate that even the redoubtable Arthur Burns, chairman of the Federal Reserve Board, could not immediately reverse...
...only requisites for joining the ranks of venture capitalists are a large pool of money and a penchant for gambling. The industry is an amorphous collection of risk takers: wealthy families (including the Rockefellers and Whitneys), large corporations (Emerson Electric, Dow Chemical, Exxon), groups of private investors and the 320 Small Business Investment Corporations. S.B.I.C.s, which will dispense a total of $100 million in new financing this year, are groups of private investors who supplement their own capital by issuing Government-guaranteed debentures. This week the Small Business Administration, which regulates S.B.I.C.s and sells their securities, will open bids...
...another world monetary crisis. It is likely that other major currencies will rise in value over the next several months, leading to a de facto devaluation of the dollar. Reacting to all this turbulence, the stock market, that supersensitive barometer of economic psychology, continued to drop. The Dow Jones industrial average has fallen 72 points in a month from its all-time high of 1052. For all that, the problems may well turn out to be transitory, and 1973 still "can be a great year," as President Nixon has said-but the new turmoil indicates that it will...
...past two decades, private American investors have poured some $275 million into the Greek economy, dotting the landscape with factories bearing such names as Dow Chemical, Goodyear, Upjohn, Westinghouse. Lately, officers of Alcoa have been discussing construction of a $100 million aluminum plant...