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...economic recovery. As the election approached and investors caught the jitters, the calm but healthy bull market that developed with the onset of recovery last year seemed to have been taken over by the bears. In five days of busy trading last week, the 30 stocks of the Dow Jones industrial average, still the most widely watched Wall Street barometer, plunged 15 points. The index touched 932, its lowest level since January, before picking up again to close the week...

Author: /time Magazine | Title: WALL STREET: Casting a Vote of Less Confidence | 10/25/1976 | See Source »

...together, the Dow had worried down 90 points since the slide began in mid-September. That represented an 8% drop in share values inside of a month, which translates into a paper loss of $105 billion for the millions of Americans who own stocks directly or through mutual funds and pension funds. Among the biggest losers have been stocks in such basic industries as metals, chemicals and paper, which had been market leaders for most of the year. IBM closed last week at 262, down 20 points since the middle of September. In the same period, Du Pont fell from...

Author: /time Magazine | Title: WALL STREET: Casting a Vote of Less Confidence | 10/25/1976 | See Source »

...Fisk '78, a Music concentrator, said plaintively yesterday that he is taking it because he wanted to understand Walter Cronkite when he talks about the Dow Jones index...

Author: By Gay Seidman, | Title: Inelastic Demand | 10/23/1976 | See Source »

STOCKS. Even before the arrival of the newest numbers on jobs and prices, investors were making their jitters about the economy felt on Wall Street. During the past nine days of trading, the Dow Jones industrial average dropped a steep 61 points. Last week, the Dow fell 28 points, to close at 952, its lowest level since mid-February...

Author: /time Magazine | Title: THE RECOVERY: Worry for Ford in His Strong Suit | 10/18/1976 | See Source »

...TIME, Oct. 4) was further documented last week when the Commerce Department announced its Index of Leading Economic Indicators for August. The index dropped for the first time in 18 months, declining 1.5% from July's figure. On Wall Street investors responded to the news by sending the Dow Jones industrial average into an 18.20-point plunge, its biggest one-day slide in more than four months...

Author: /time Magazine | Title: OUTLOOK: An Ominous Index? | 10/11/1976 | See Source »

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