Word: dow
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...year of gyrating prices was felt acutely by investors. The Dow Jones industrial average hit a low of 759.13 on April 21, but then began a long climb that turned into the so-called Reagan rally after...
They remember too that the CRR often mixed up its charges. One student was dismissed for removing one dean from University Hall when he actually had led another from the building. One had his picture snapped as he was walking by a sit-in against Dow Chemical recruiters on campus--a sit-in he never participated...
...strong stock market, up more than 20% since April, has put most of the fizz in the new issues. Last week the jump in the prime rate to 19% helped cause a 37-point decline in the Dow Jones industrial average to 956.23. Even so, says Robert Blakely of Wall Street's Morgan Stanley: "People can again participate in a stock issue and see a reasonable appreciation quickly...
...difficult as it was for the market to breach 1,000, many investment analysts last week were cautioning that further rises could prove even more elusive. In January of 1973, the Dow rose to an alltime high of 1,051, shortly thereafter to tumble 500 points into Wall Street's worst bear market since the 1930s. Now, many of the investors who took a beating in the 1970s are selling out, instead of buying, as the market moves back...
...fact, for investors to make up for the loss in buying power caused by inflation, stock prices would have to climb far higher than they have. Since 1965, when the Dow first approached the four-digit threshold, inflation has chopped the buying power of a dollar to little more than 400. For investors in the 30 stocks of the Dow industrials to be as well off today as 15 years ago, the averages would have to hover not at 1,000 but at 2,500-and not even Wall Street's most starry-eyed optimists see that kind...