Word: dow
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...this security mimics the Standard & Poor's 500. Each share represents a fraction of a share of 500 companies. Your investment moves in lockstep with that well-known benchmark. Other popular ETFs include QQQs, known as Cubes and based on the NASDAQ 100, and Diamonds, based on the Dow...
...process 35. Opportunity for a hit 37. Magnum and others 38. Deep Blue's maker 39. Reddish-brown gemstone 40. He's signed on with the ad agency that helped elect Ventura 42. Prefix meaning personal 44. Bush got heckled by death-penalty opponents at its convention 48. Dow Jones fig. 50. City that's offering White Bikes 53. Dickensian epithet 54. The National Geographic Society will tailor these to individual needs 55. Subject of a conference in Durban, South Africa 56. Social worker? 57. Scottish hillside 58. U.S.N.A. grad...
...what now, Dow? More halting rallies, more scowling pullbacks. The NASDAQ, which has been pulling free of the Fed watch and flying on its own private indicators, will likely continue to do so. Greenspan doesn't have to worry much for another month - he'll have July's labor market picture in hand weeks before that all-important August interest-rate meeting. In the meantime, the stock markets will do the worrying...
...Some fund managers are dressing up their portfolios with glamour stocks (which is why NASDAQ was on the rise), others are hurriedly dumping losers. The rest are out playing golf or beating the traffic to the Hamptons for the Fourth - it's not an easy scene to parse. But Dow investors without tee times, at least, were doing something quite logical as they pushed the index down Friday morning: They were worrying about earnings...
...even with those falling--a tepid showing that suggests this rally could fade like a suntan. Don't be fooled by the sharp gain. Since 1900, there have been 31 bear markets, and in 17 of them there was at least one suckers' rally greater than 10% on the Dow, according to Ned Davis Research. All but one had at least one 5% bounce. The typical bear market had five 5%-plus rallies followed by new lows...