Word: dow
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Even though President Nixon quickly made clear that he abhors controls and none are on the way, Kennedy's casual remark accelerated the stock market's decline. The Dow Jones industrial average fell 34 points during the week. It closed at 852, even lower than it was at the end of 1965, and down 12% from the year's high of 969. The slide wiped out $60 billion worth of equity. Some indexes of speculative stocks have plummeted as much...
...only 4.1% and rose in the standings from 245th place to 33rd. Massachusetts Investors Trust fell 4.5% and moved up from 228th to 38th. Normally, any losses at all would be nothing to crow about, but so far this year only 95 funds have managed to out perform the Dow Jones average, which dropped...
...bombing of North Vietnam). People worked for McCarthy, who lost by only a little in New Hampshire but by a lot in the Democratic convention. Still, it was wonderful to feel that you could get things done. And in May there was Columbia. Earlier, we sat in against a Dow Chemical Company recruiter, because Dow made napalm, which was a horrible weapon for any self-respecting and polite country to be using in the particular wars it was fighting...
Bleeding in the Markets. Worried about tight money and the economy's future, investors continued to unload stocks last week. The Dow Jones industrial average declined another 19 points to 876. Since it reached the year's high of 969 in mid-May, the market has dropped like a stone...
Tighter money, the tax fight and the mere talk of controls made investors highly nervous about the future. On the New York Stock Exchange, the Dow Jones industrial average fell four days out of five last week. Altogether, it declined 30 points, to 895. In four weeks, the average has fallen 72 points, or 7%, and is now at its lowest level since last August. All the signals from Wall Street and Washington say that more strain, sacrifice and hard decisions lie ahead for the economy...