Word: dow
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...have made the world more risk-averse in other ways as well. Fear of flying brought a drop in air travel, prompting multibillion-dollar bailouts and causing a slump in tourism. This year more struggling airlines are likely to go out of business. The drop in the Dow is another symptom of risk avoidance; we feel safer putting our money under the mattress than putting it in the stock market. Even the entertainment industry is taking no chances, which means more of the same on stage and screen: sequels to sequels to sequels, including the next installment of Harry Potter...
...Nikkei could slip below the Dow Jones industrial average for the first time in 44 years--a historic crossroads that drives home just how brutal Japan's 12-year bear market has been and how thoroughly economies can change. At the Nikkei peak the Dow was at just 2,753, trailing its Pacific rival by an astounding 36,163 points. Now, as the Nikkei sheds fur like a sheepdog in spring, the unthinkable is coming to pass: parity. The two trade near...
...Second case in point: the month of January. The brave new year started out gangbusters, with the Dow opening Jan. 2 at 10021 and the NASDAQ at 1979 and closing the holiday-shortened week three days later at 10259 for the industrials and 2059 for the techs, respectively. Those were gains in the 10-20 percent range, gains that had the pundits gleefully talking about "the January effect" and noting how good starts, historically, make for good years...
...Dow opened that week at 10261 and closed it at 9987 - goodbye, 20 percent - and the NASDAQ, after opening at 2037, puttered along until it was lucky to close at 2022. Two weeks later, the Dow is now twitching ineffectually in the 9700 range, the NASDAQ's idling in the 1900 range, and while sporadic big selloffs like Tuesday's 200-pointer aren't snowballing yet, there never seem to be as many buyers on the way back up as there were sellers on the way down...
...retirements and thus spending more; it means the economic recovery can proceed apace. Enron, meanwhile, means a second guess - is this company truly good, or is it too good to be true? - and second-guessing is not the kind of attitude of which sustained bull markets are made. The Dow and NASDAQ's January chart lines are jagged, but the trend is clearly downward since Probe Day, January 9, and for every buyer whose glass is half full there seems to be two who'd rather wait before they take a drink...