Word: dow
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...YORK--The battered stock market landed on its feet again yesterday, with prices sharply higher and the Dow Jones industrial average achieving its third-biggest gain ever despite weaknesses in the dollar and in some overseas stock exchanges...
...investors, foreign and domestic. He entered the session with "no preconditions", which means that at least he won't turn his hearing aid down when the words "tax" and "increase" are mentioned together. It may be too late. Pessimism on Wall Street grew over the weekend, and yesterday the Dow Jones average dropped another 156.83 points--an 8.04 percent decline on top of the massive drop off of the week before...
Stock-market investors were the first to feel the pain. Records fell to the stock-market floor last week like so much scrap paper. On Friday the Dow Jones industrial average plummeted more than 100 points for the first time in history, dropping 108.36. In just one day, the value of 5,000 common U.S. stocks slid $145 billion, or 4.9%. "We're all stunned. Everything happened so fast," declared Byron Wien, portfolio strategist for the Morgan Stanley investment firm. Wall Street's computer-trading mechanisms, which brought so much efficiency to a rising market, were working just as efficiently...
...CAPTION: Dow Jones industrials, daily closings...
...Dow Jones average of 30 industrials, which plunged a record 508 points on Monday, was up 4.48 to 1,954.91 by noon on Wall Street. In the first half hour of trading the closely watched index had slid about 22 points and by 11 a.m. it was up 33 points...