Word: dow
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...disasters at Robins and Manville are only the two biggest cases in an epidemic of product-liability problems that has clogged courts, shaken American companies and raised the costs and risks of doing business. Last year Dow Chemical and other producers of Agent Orange, a defoliant used in Viet Nam, agreed to pay $180 million to veterans who said they developed cancer and other ailments because of exposure to the chemical. The claims were never proved, but the companies settled rather than face an endless siege in court. American Motors has paid out millions of dollars as a result...
...prospect of continued growth and the drop in interest rates helped spur a burst of buying on Wall Street. On Friday the Dow Jones industrial average surged 24.42 points. Analysts said that investors were taking large amounts of - cash from expired index options and futures contracts and putting them into stocks. The Dow Jones finished the week...
...astonishingly widespread. At midweek, IBM, the world's largest computer maker and the prototype of a successful company, shocked Wall Street by announcing that its earnings for the first nine months of this year will be below those for the same period in 1984. The news helped send the Dow Jones industrial average down more than 23 points in two days. Shares of IBM stock tumbled...
...drop in interest rates energized Wall Street for a while. On Monday, which was the first business day after the discount rate cut, the Dow Jones industrial average surged 19.54 points to finish at a record 1304.88, its first close above the 1300 barrier. The bulls tacked additional 4.82 points onto the Dow average on Tuesday, lifting it to a new peak of 1309.7. At that point the market began suffering from one of its recurrent afflictions: acrophobia. Investors started cashing in some of their profits, sending the Dow back down. The industrial average finished the week...
...already off to a strong start. The Commerce Department said last week that the index of leading economic indicators, which tries to foretell future growth, climbed 1.7% in January, its sharpest advance in 18 months. That report electrified the stock market, where investors went on a buying binge. The Dow Jones industrial average jumped nearly 26 points during the day, to 1309.96, before falling back to a record close of 1299.36, which topped the peak...