Word: dow
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...banquet room. Downtown, the stock market was having Solly and all the other big swinging brokerage houses for lunch, plunging a record 554 points in one nauseating session. The next day, Turnaround Tuesday, Salomon's traders, and everyone else, were too busy making money to have lunch, as the Dow reared up to gain back 337 points of that loss...
...Dow takes a dip . . . More
...YORK: Bad news from the tech sector, strong labor demand and overnight weakness in the Japanese stock market joined forces to cause a sharp sell-off in early trading in U.S. markets Friday. The Dow Jones Industrial Average plunged 180 points in early morning trading. By close of play, it had recovered to a 103 point loss ? but investors' nerves were clearly frayed...
...last week something gave. Led by Hong Kong, stocks in Asia careened lower, and the U.S. market decided to join the act. The Dow Jones industrial average skidded 319 points Thursday and Friday. Without warning, U.S. investors collectively asserted that problems in Asia are tolerable up to a point--but maybe that point has been reached. If so, any further carnage in Asia's tigers, or a spillover to Japan and China, could lay waste our roaring bull market...
...once an abstraction to most people, had shown up front and center to deliver the bad news. Investors, fearing that the earnings of large U.S. companies exposed to Asia would suffer, began to sell. On Thursday the market dropped 186.88 points. On Friday, while the Hang Seng recovered, the Dow fell an additional 132.36 points, unable to take comfort in the good news. In New York City, out-of-favor issues ranged from big airlines with Pacific routes, like American and United, to consumer-product companies like Coca-Cola. Semiconductor stocks took a beating, along with high-tech giants like...