Word: dow
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...Haven on Saturday. Harvard and Yale will renew their un-paralleled rivalry for the 98th time. And for the 98th time, nothing else will matter for two-and-a-half late-autumn hours in the rarifield world inhabited by Crimson and Eli supporters--not other football games, not the Dow Jones Industrials, not any clear and present dangers...
...cost of borrowing money may be coming down. Henry Kaufman, the influential Wall Street economist, predicted that the Federal Reserve would soon ease credit restraints, which would lower interest rates. That statement helped to give the stock market its biggest one-day boost in seven months, lifting the Dow Jones industrial average on Friday by more than 19 points, to close the week...
...York, the biggest stock exchange of them all, was the last to open. As soon as the 10 a.m. trading bell rang on the floor of the New York Stock Exchange, the selling pandemonium continued. The Dow Jones industrial index slumped 14 points in the first 30 minutes, and the morning edition of the New York Post proclaimed, WORLD STOCK MARKET PANIC. Said Gary Ross, research director for the Wood Gundy brokerage firm: "Our retail customers were phoning in panic-stricken...
...real losers were the investors who had followed Granville's advice and sold. Instead of having crashed through the floor, the Dow Jones industrials had rocketed through the ceiling, closing up 18.55 points, at 842.56, the heftiest one-day gain in six months...
...Tuesday, Wall Street's defiance of Granville was heard round the world. The Tokyo Stock Exchange rebounded as breathlessly as it had earlier slumped and had its best day in history; the Nikkei-Dow Jones shot up 321 points. In London, institutional investors bought heavily and lifted the Financial Times's industrial ordinary index 24.3 points by midmorning, a record climb...