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...shares) and second busiest day in history; total volume last week rose above 100 million shares for the first time. This gigantic volume has been associated with neither a panic nor a wild speculative bout, but with a steady price advance that last week lifted the Dow-Jones industrial average seven points to a close of 868, the highest in more than 18 months. The index has recovered two-thirds of its losses between the December 1968 high of 985 and last...
...average of 1% in November. November also saw an increase in help-wanted classified ads for the first time in 14 months. In Paris, the Organization for Economic Cooperation and Development predicted a "fairly strong" U.S. business upturn-and a slackening of inflation-for 1971. Last week the Dow-Jones average soared into the mid-800s, the high...
After a year as harrowing as a ride on a runaway roller coaster, the stock market ended 1970 on the rise. The Dow-Jones industrial average started the year at 800, then plummeted to an eight-year low of 631 on May 26. After that, the market began to climb back-haltingly at first, but accelerating notably near year's end. Last week the Dow-Jones average closed 1970 at 839. That was a 4.8% increase over the 1969 close, but still far short of the 1968 high...
...Wall Street casualties who drive taxis in New York City. But there is a resilient breed of ex-brokers who have rebounded from the stock market slump by starting lucrative new careers. Though their ventures vary widely, the once-busted brokers are united on one point: even if the Dow-Jones average doubled in a year, they would never go back to the market...
...investment from abroad has dried up, but some companies are going ahead with ambitious capital projects. Dow Chemical is building a $25 million plastics plant and Bethlehem Steel is completing a $25 million expansion of its iron-mining operation. So far, none of the more than 150 U.S. firms in Chile have given up and left. Though expropriation of most, if not all of them, seems only a matter of time, none are willing to antagonize Allende unnecessarily before knowing just when or where he will strike next. As long as there are Gradualists in his inner policy circles, there...