Word: dow
(lookup in dictionary)
(lookup stats)
Dates: during 1970-1979
Sort By: most recent first
(reverse)
...Wall Street, rising interest rates are usually viewed as the worst of all poisons for the stock market. Yet traders were initially so excited by the promise of a steadier dollar that they optimistically bid up share prices with record speed; the Dow Jones industrial average jumped 35 points Wednesday, its largest one-day rise in history. On the commodity markets, prices for future delivery of cattle, soybeans and cotton briefly fell, partly in the expectation that inflation really would slow down. Oddest of all, bond prices rose sharply, and long-term interest rates actually fell. Apparent reason: a dollar...
...ease the inflationary burden of Government regulation on business. Far from steadying, the financial markets went berserk with the wildest selling spree yet, obviously because investors and speculators judged the policy to be not strong enough. The U.S. stock market tumbled into a deepening nosedive that carried the Dow industrials down 105 points in the twelve trading days before last Wednesday. Gold shot up $17 an oz., to $243, in five days. The dollar sank and sank, in five days establishing four successive post-World War II lows against the Japanese yen. To Washington's alarm, the dollar fell...
Carter's plan touched of a rally in the stock market yesterday that carried the Dow Jones industrial average to its largest gain in history...
...Dow Jones average of 30 industrials, which fell 104 points in the last 12 trading days, climbed 35.34 to 827.79, The largest previous single-day gain for the Dow occurred on August 16, 1971 following then-President Richard M. Nixon's announcement of several economic measures...
Nervousness about the weak dollar and inflation conspired to bring a startling break in stock prices. The Dow Jones industrial average last week tumbled more than 59 points, to 838, its worst one-week loss in history. Indeed, currency and stock markets seem to be getting locked into a vicious circle. When a plunge in the dollar causes stock prices to drop, foreign moneymen read the stock slide as an indication that Americans are losing faith in their own economy, and they unload still more dollars...