Word: dow
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...stock markets in Tokyo, London, New York and elsewhere slumped and surged and careered wildly down and up. Yet when the dust settled, share prices in most cases were pretty much back to where they were before the week began, and in New York, they were up substantially. The Dow Jones industrial average of 30 of Wall Street's leading blue-chip stocks ended the week at 860.73, a 37-point rise over the previous Friday closing...
That was like screaming "fire!" in a burning building. Investors have been nervous for months, as they watched Wall Street's Dow Jones industrial average fall about 200 points from its peak of 1024.05 on April 27 this year. Moneymen have grown more and more skeptical of the Reagan Administration's supply-side economic policies and have begun fearing that they might lead to a synchronized global slump. Meanwhile, high interest rates in the U.S. have forced up the cost of money in other countries and raised even more concerns about future economic growth. Stocks in London...
...seem as if Granville might be right. Stock markets opened to a selling avalanche. Tokyo, which because of the time-zone difference is seven hours ahead of Western Europe and 13 hours in front of New York, felt the onslaught first. By the close of trading, the Nikkei-Dow Jones average, which represents 225 stocks on the exchange, had crashed 300 points, 4.1%, the biggest such drop on record...
...major banks lowered their prime lending rate to 19%%, sending stock prices temporarily higher. Soon thereafter, though, moneymen predicted that interest rates were likely to remain high, or even increase, later in the year and early next year. Joseph Granville, the widely followed stock market guru, predicted that the Dow Jones industrial average would drop another 200 points to 650 or 550 during the next twelve months. Stocks then plunged anew. At the end of the week, the Dow Jones index stood at 824, a decline of 200 since its high this year of 1024 on April 27. Granville...
...track of the family's Christmas card list. Then he bought Apple Writer, a word-processing program, for about $75, so he could draft and type company reports. To connect his machine to lists of current stock prices and financial news, using ordinary telephone lines, Stadler got the Dow Jones News and Quotes Reporter for $95; to draw charts he bought Apple Plot for $70. So far he has spent a total of nearly $800 for eight software programs...