Word: dow
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Dates: during 1970-1979
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...Consumer Price Index continues to steamroll along at 12.7%, but the prime rate, which banks charge their preferred customers, has come down a quarter of a point from its height of 15¾%. There is a feeling on Wall Street that rates have peaked. This has energized the Dow Jones stock market average, which rose eleven points last week, to close at 822, its best performance since the Volcker rally turned into the Volcker rout after...
...beyond its previously record heights to reach 15½%, and bankers believe that it may go still higher. Interest rates on Government bonds have leaped above levels prevailing at the outbreak of the Civil War, when Confederate forces were encamped at Manassas, ready to march on Washington. The Dow Jones index of industrial stocks since early October has slumped nearly 100 points and closed last week...
...York stock market analysts blamed the tense situation in Iran for yesterday's decline of the Dow Jones average...
Today's drop marked the third straight day of broad market decline, pushing the Dow Jones average below 800--its lowest close of the year. Since Monday, the average has fallen 22.27 points...
...panic selling had actually started the previous Thursday, Oct. 24. That was when the Dow Jones industrial average, having already slipped in seven weeks from its record high of 381, dropped by six points on spectacularly high volume to 299. The plunge continued on Friday, on a half-day session Saturday, and on Monday as well. But Tuesday is nonetheless remembered as the truly black day: as frightened shareholders across the country rushed to sell, trading volume soared to an unprecedented 16,410,030 shares,- the Dow tumbled another 31 points, to 230, and it was clear to almost everyone...