Word: dow
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...week trailed off, the markets were in an intriguing sort of convulsion, with the industrials on Thursday plummeting nearly 400 points into bear territory and a two-year low before careening back up to near-even at the close. (Both New York tabloids blared the same headline today: "Mad Dow Disease.") Friday morning the indexes were sunny - had the markets finally learned to swim with what Greenspan had already given them...
...markets sped up their stampede, driving the Dow into official "bear" territory and testing new 9,200 lows with a 250-point morning slide as the selling continued to spread beyond tech into Old Economy blue-chips. TIME senior economics reporter Bernie Baumohl checks the numbers and assesses the current state of things economic...
...economy is beginning to sputter," George W. Bush said Wednesday after the Dow slid its way back below 10,000 and had brokers all over Wall Street checking to see if their windows opened. "I'm sorry people are losing value in their portfolios. That worries me." And then the sale: "But with the right policies, I'm confident our economy will recover.... And that means giving people money back, in plain language...
...With the prospect of a Japanese coronary turning widespread gloom into naked fear, Wall Street tumbled Monday and Wednesday with the barest of bounces in between, and revisited some milestones of its own. The Dow, shedding more than 800 points, dipped below 10,000 for the first time since fall. The NASDAQ slumped under 2000 and officially erased two years of tech run-up. The S&P finally notched its 20 percent and joined the bear club...
...Monday, the NASDAQ dropped more than 6 percent and found a low - 1923 - not seen since December 1998; the mind-blowing 15-month rally that pushed the tech-heavy index to beyond 5000 on March 10 of last year is now utterly erased. The Dow dropped, er, only 4.1 percent (a measly 436 points) as each and every one of the index's 30 stocks lost ground. And the S&P 500 finally slipped into official "bear market" territory, now 23 percent off its highs and tasting those same December 1998 depths as the NASDAQ...