Word: dow
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...stock market, which can panic at even a hint of high interest rates, discounted last week's move in the prime. After plunging early in the week because of the decline in the dollar and concern about a possible U.S.-Japan trade war, stocks rallied strongly. On Friday the Dow Jones industrial average skyrocketed 69.89 points, a new one-day record. The Dow closed at an all-time peak of 2390.34, up 54.54 points for the week...
...shock waves rattled around the world in the wake of the U.S. action, which was prompted by alleged Japanese cheating in the sale of the useful semiconductors and by Tokyo's alleged intransigent protection of its domestic microchip market. Partially in response to the specter of trade confrontation, the Dow Jones average of 30 industrial stocks sank 57.39 points as the week began, its third worst plunge in history. Yet the amazing 4 1/2- year bull market in stocks, fueled in part by billions of dollars in Japanese investment money, recovered quickly, and the Dow closed the week...
...customers who account for more than 70% of all hotel stays: business travelers. Many of the major hotel chains are giving corporate clients an office away from the office by providing all sorts of executive services, from stenography and photocopying to personal computers and the Dow Jones news wire...
...aside special office space for executives. A major part of the $1 billion renovation now / under way at the Hilton chain is the creation of business centers in most of its hotels. There, guests can use computer terminals, pick up business publications and check stock quotes on the Dow Jones financial wire. The Century Plaza Hotel in Los Angeles offers quick typing, photocopying and telex services and the use of a reference library at its business center...
...billion, making the stock buyback the largest in corporate history. After the announcement, GM's stock spurted 3 7/8 points, to 79 1/2, before falling back a bit to finish the week at 77 7/ 8. The decision also sparked a general stock market rally, which sent the Dow Jones industrial average up 53.71 points to a record 2280.23. But the euphoria will soon fade unless GM revs up its sputtering business. Its car and truck sales so far in 1987 are down 28.4% from the same period a year...