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...only did the Dow Jones industrial average of 30 of the nation's leading companies climb by a respectable 51 points, to 876 on Jan. 31 (it closed on Friday, Feb. 1, at an even higher 881), but broader measures of investor interest in stocks also showed gains. The New York Stock Exchange composite index, which tracks the prices of 1,500-plus Big Board companies, climbed by a solid 6%, while Standard & Poor's widely watched index of 500 major U.S. corporations rose almost as much...
...Dow Chemical, which provides MSU with grant and scholarship funds, threatened to withdraw its financial support but so far it has taken no action, Martin said...
...Consumer Price Index continues to steamroll along at 12.7%, but the prime rate, which banks charge their preferred customers, has come down a quarter of a point from its height of 15¾%. There is a feeling on Wall Street that rates have peaked. This has energized the Dow Jones stock market average, which rose eleven points last week, to close at 822, its best performance since the Volcker rally turned into the Volcker rout after...
...beyond its previously record heights to reach 15½%, and bankers believe that it may go still higher. Interest rates on Government bonds have leaped above levels prevailing at the outbreak of the Civil War, when Confederate forces were encamped at Manassas, ready to march on Washington. The Dow Jones index of industrial stocks since early October has slumped nearly 100 points and closed last week...
Today's drop marked the third straight day of broad market decline, pushing the Dow Jones average below 800--its lowest close of the year. Since Monday, the average has fallen 22.27 points...