Word: dow
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...recession, says Baumohl, can be seen as very good news: The Federal Reserve may be able to lay off its series of interest rate hikes sooner than previously expected. The stock markets certainly think so - the NASDAQ on Tuesday posted its best-ever one-day gain, while the Dow registered a respectable 185-point rise...
...past month, the old-economy Dow has been on top, surging 9% while the new-economy NASDAQ has fallen 9%. But things were going the other way in January and February. Where this all leads is anyone's guess. Volatility says nothing about where prices are headed--only that confusion reigns. A lot of market watchers believe that the NASDAQ's low point last week will prove to be a bottom. They cite the quick rebound and the broad strength in blue chips and the general economy, as well as the robust profit reports that are expected in the coming...
During the past five years of double-digit gains in the Dow, enrollment at residential and day camps has swelled by 8% to 10% a year, to an expected record of 9 million kids this summer. Coincidence? I don't think so. Hundreds of thousands of the little squirts are headed for private residential camps where fees run as high as $125 a day. Our daughter hoped to be bunking with them...
...Friday's sell-off, prompted by the latest inflation figures and fears of interest rate hikes, may have forced traders to begin a more stringent selection process. It's increasingly difficult to predict an upward drift in whole sectors, and the strategy of hedging Dow investments against NASDAQ buys came unstuck Friday when they dived in concert. Still, it's a safe bet that somethinghas to go up, since Friday's sell-off has sent hundreds of billions of dollars roaming in search of new homes. Whether it be bonds or utilities or safer tech stocks or safer blue chips...
...always going to be a "black Monday" on Asian and European markets, but Wall Street saw the beginnings of a skittish recovery. After a day of see-saw trading, NASDAQ had clawed its way back a healthy 6 percent gain following its Friday plunge, while the Dow had soared by 217 points. Earlier, traders spooked by New York's frightful Friday fled Asian markets in droves, shaving 7 percent off Tokyo's Nikkei index and 8.6 percent off Hong Kong's Hang Seng. London's FTSE fell 4 percent to a six-month low in the first minutes of trading...