Word: dow
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...most investors, the big stock market news last week was that the Dow Jones industrial average hit a 22-month high of 920. To the Wall Street establishment, the movements of the average were of only secondary interest. Their attention was riveted on two innovations that moved the New York Stock Exchange into a new era of intensified competition that could reshape the nation's securities business...
...stock market has raced relentlessly uphill from its grim low, advancing more than 40% in that period, and some Wall Street seers have been predicting an inevitable pause. But early last week, like a long-distance runner gaining a second wind, the market burst ahead with fresh energy. The Dow Jones industrial average posted its biggest daily gain of the year, leaping 9.86 points and closing above the psychological barrier of 900 for the first time in 21 months. For the week, the Dow rose 15 points to close at 913. Stocks on the American Exchange also made impressive gains...
...market's steep and prolonged rise still leaves it vulnerable to a setback. A jarring bit of news could stampede investors into a rush of profit taking. Nonetheless, optimists see the climb continuing, and many are talking about cracking the long-anticipated 1,000 level on the Dow...
Throughout U.S. Journal, a collection of Trillin's New Yorker pieces, the author reportedly lands like a benign ordering presence-deus ex-machine gunner-amidst chaos, humbug and hoopla. Covering a great deal of ground, he is naturally sympathetic toward other traveling men. He writes about a Dow Chemical recruiter who in 1968 had to go from campus to campus, removing his shoes to step over antiwar demonstrators, and try to answer such polite undergraduate questions as, "I was wondering if a Dow employee could be prosecuted as a war criminal ten or 15 years from now?" Elsewhere, Trillin...
...Wasserman for playing the regular game. Taxes haven't been frozen. Similarly, $400 a month for the Mandrake store must have been el cheapo cheapo, considering that we were paying $250 for much less space two floors up. Skip, the manager at Billings and Stover, has moved to another Dow building, and is briskly in business opposite the Brattle Theater. It was a lousy corner for a drug store. Maybe Bill Turtle will do better than the Maudrake did. But that's up to the gods and his business sense...