Word: dow
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...confirmed, Franklin will bring a power-packed resume to the position. The Harvard M.B.A. served as a headhunter in the Nixon Administration, a vice chairman of the Consumer Product Safety Commission from 1973 to '79, and is a director of seven corporations, among them Aetna, Dow Chemical and Westinghouse. A savvy Republican fund raiser, Franklin co-chaired a dinner last fall that gathered $1.2 million for Bush's 1992 campaign. Her appointment is also a campaign tactic to boost Bush's support among women, 54% of the voters...
...generation earlier, in 1966, the Dow Jones first flirted with 1000. It would eventually climb a bit higher, and it would not touch bottom -- 577 -- until eight years later. But with hindsight, 1966 was really the beginning...
...Wall Street Journal reported last month? Could 1992 wind up being the worst stock market year of the '90s just as 1932, 1942, 1950, 1962, 1974 and 1982 were the worst years of their respective decades? In five of those six "worst years," FXC Investors notes, the Dow dropped well below its book value. The '60s were the exception; at its nadir, 536 in 1962, the Dow was 33% above book. But with today's Dow Jones at 2900 and its book value around 1330, if 1992 should prove to be one of those icky worst years -- even...
...Dow Jones average of 30 industrials gained 5.81 points yesterday to close...
...stock market gave the flagging recovery an apparent vote of no- confidence last week when the Dow Jones industrial average plunged 120 points on Friday, to 2,943.20, for its fifth largest drop ever and the steepest decline since it fell 190.58 on Oct. 13, 1989. Analysts said the free fall reflected fears that the U.S. was sliding back into recession after the economy eked out a modest 2.4% gain in the third quarter. "The equity markets are finally realizing what sad shape the U.S. economy is in," says Allen Sinai, chief economist of Boston Company Economic Advisers...