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...April 13 hit a peak of frenzy at the start of last week: on Monday, April 17, as whoops and cries echoed through the New York Stock Exchange and floor traders tossed torn-up paper in the air to celebrate, an unbelievable 63.5 million shares changed hands, and the Dow Jones industrial average spurted almost 15 points. Prices stumbled a bit the next two days, but then the Dow rose again. It hit a high of 815 Thursday and ended Friday at 813. Big Board volume during the week totaled 212.3 million shares, easily eclipsing the previous record...
...Thursday the Dow Jones Industrials climbed nine points, then surged by almost 20 on Friday, to close at 795, the highest since early January. By day's end, 52.3 million shares, worth $1.4 billion, had changed hands-both records. The previous high volume was 44 million shares on Feb. 20, 1976, and hopeful analysts were wondering whether the 1977-78 bear market had finally ended...
...heading higher, unemployment dropping and profits climbing, businessmen by all rights ought to be bullish. Quite the opposite: last week brought two new signs that they are still deeply worried. The stock market, that sometimes distorted mirror of investment hopes and fears, tumbled 22 points, as measured by the Dow Jones industrial average, to a 34-month low of 753. And a McGraw-Hill poll of executives in eleven industrial countries found U.S. businessmen second from the bottom in confidence about the future. Only profit-pinched Belgian managers were more apprehensive...
Horner said, "Typically, now, I go to bed at night thinking about the Dow-Jones Industrial Average. When that goes up, alumnae donations tend...
...Stock Market. The Dow Jones industrial average has fallen on eleven of the 14 trading days so far in 1978, for a decline of 54 points, and it closed last week at 776.94. In stock traders' minds, worries about inflation, interest rates and the dollar have outweighed all the good news. Though the stock market does not directly move the economy, it can have an important psychological effect by making people feel poorer?and with reason. Says Albert H. Cox, chief economist of Merrill Lynch, the brokerage giant: "By our estimates, at this point almost $100 billion worth of values...