Word: dow
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Dates: during 1970-1979
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...most sweeping changes since the Hundred Days of the New Deal in 1933, when Franklin Roosevelt took the U.S. off the gold standard and began to get the Depression-racked economy into gear. The Nixon program had immediate and dramatic impact at home: on the first day the Dow-Jones average took a record jump on the New York Stock Exchange. But abroad there was consternation. Nixon's measures threatened a serious reversal of the postwar trend toward freer trade. They also ripped the fraying international monetary agreements that have made expanded trade possible. Canada and Japan, America...
...Short-term interest rates have risen less strikingly, but even so, bellwether three-month U.S. Treasury bills early last week were selling at almost 4.5% interest, the highest rate since mid-January. The rising rates seem to be pulling some money out of the stock market. Last week the Dow-Jones Industrial Average fell 15 points to 907, substantially below the recent high of 951 in late April...
...Judge McMillan is in the best of that tradition. As he said when protesting lawyers argued that Charlotte was well ahead of most of the South in integrating even without busing: "Constitutional rights will not be denied here simply because they may be denied elsewhere. There is no 'Dow Jones average' for such rights...
...most investors, the big stock market news last week was that the Dow Jones industrial average hit a 22-month high of 920. To the Wall Street establishment, the movements of the average were of only secondary interest. Their attention was riveted on two innovations that moved the New York Stock Exchange into a new era of intensified competition that could reshape the nation's securities business...
...market's steep and prolonged rise still leaves it vulnerable to a setback. A jarring bit of news could stampede investors into a rush of profit taking. Nonetheless, optimists see the climb continuing, and many are talking about cracking the long-anticipated 1,000 level on the Dow...