Word: dow
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...making people rush to buy appliances, cars and houses before prices go even higher and before bad times come; such scare buying tends to prompt exactly the price boosts that consumers fear. Another index of confidence in the economy, the stock market, also took a pounding last week; the Dow Jones industrial average fell 41 points...
...economy zips into the second quarter with production, profits and employment all rising, Wall Street continues to sink deeper into its private depression. Stock prices continue to drift downward; last week the Dow Jones industrial average closed at 931, off 121 points from its high of 1052 less than three months ago. Far more frightening to brokers, there are growing indications that a sizable slice of the public has been turned off stock investments. The latest New York Stock Exchange survey shows that in 1972-the very year in which the Dow Jones average finally cracked the magic 1000 barrier...
...rush to rebuy? For one thing, the price is right. Since the Dow Jones industrial average began sliding from its peak of 1,052 in January, the shares of many companies have fallen to what corporate officers regard as unreasonably low levels. Thus company treasurers are scrambling to buy up shares that they can use for several purposes. Among them...
...last week, U.S. financial markets staggered through a period of startling turbulence. On Wall Street, stock prices nosedived. The Dow Jones industrial average fell 40 points to 923, down 12% from the record high of 1052 in mid-January. Stock traders clearly shared the national anxiety about resurging inflation (see THE NATION). But investors had another major worry: rising interest rates, pointed up by an unusually sharp jump in the bank prime rate that even the redoubtable Arthur Burns, chairman of the Federal Reserve Board, could not immediately reverse...
...only requisites for joining the ranks of venture capitalists are a large pool of money and a penchant for gambling. The industry is an amorphous collection of risk takers: wealthy families (including the Rockefellers and Whitneys), large corporations (Emerson Electric, Dow Chemical, Exxon), groups of private investors and the 320 Small Business Investment Corporations. S.B.I.C.s, which will dispense a total of $100 million in new financing this year, are groups of private investors who supplement their own capital by issuing Government-guaranteed debentures. This week the Small Business Administration, which regulates S.B.I.C.s and sells their securities, will open bids...