Word: dow
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...STOCK MARKET began celebrating on the first rumors of devaluation; the Dow Jones industrial average has risen sharply since Thanksgiving. Wall Streeters were registering their relief that the international money crisis appeared to be on the way to solution. The market stands to get a more direct boost from devaluation in 1972. William Wolman, vice president of Argus Research in New York, forecasts a record increase of almost $3 billion in foreign purchases of U.S. securities next year. After devaluation, foreign investors' money will buy not only more 747 jets and American coal, but also more U.S. stock...
...stock market, as measured by the Dow Jones industrial average, climbed 17 points last week, to close at 874. Since Thanksgiving it has jumped 72 points. On the basis of expected increases in earnings for the companies that make up the index, some high mutual fund executives are again indulging in their favorite dreams, forecasting that the Dow will finally top 1,000 next year...
...from a Wall Street visit last month with word that U.S. financial leaders were deeply worried that a prolonged monetary uncertainty would damage world business and that they ardently desired a quick settlement. The stock market underscored that point last week by staging an explosive "dollar-devaluation rally." The Dow Jones industrial average rose 43 points,to a Friday close...
...translated into purchases, Sindlinger figures that a substantial rise in spending should start this month. The first signal that consumers have finally shed their fears for the future, he says, will come when the stock market picks up, which he expects around mid-December. After plunging for weeks, the Dow Jones industrial average jumped 18 points, to 817 last Friday. Though news of a possible settlement on the world monetary scene helped, the chief cause was technical: a drop in selling volume...
...needs of an expanding economy. It was no coincidence that he delivered his reassurance at the New York Stock Exchange. The stock market is the one sector of the nation's financial markets that seems to have been depressed rather than cheered by the freeze. Last week the Dow Jones Industrial Average tumbled 27 points to a new 1971 closing...