Word: dowe
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Dates: during 1940-1949
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...make of things. Despite the strikes in steel, coal and aluminum, which had thrown at least 1,000,000 out of work and caused the worst postwar shutdown, the stock market kept right on going up. Last week, in some of the busiest trading of the year, the Dow-Jones industrial average rose 1.59 points to 186.78, a new high for the year...
Leading the market were the television shares, notably Admiral Corp., which declared a 100% stock dividend. For those who still swore by the Dow theory, regardless of its confusing "signals," there was also reason to cheer. The railroad average, lagging behind the industrial, now broke through last March's "resistance" point. To some Dow theorists, that was a sign that a bull market was in the making...
...death of Commonwealth & Southern was about all that Wall Streeters seemed sad about last week. The Dow-Jones industrial average rose 3.38 points to a new 1949 high of 185.36, well above what most traders had hoped for in what they had regarded as only the usual "summer rise...
...stock market last week suffered its hardest blow this year. In one day's trading, sellers who were gloomy over the British devaluation and the threat of strikes drove the Dow-Jones industrial average down 3.38 points. But in the rest of the week, the market bounced right up again...
...almost monopolized the National League pennant since 1940-the Cards won it four times and the Dodgers twice-and it was clear to all but the die-hards of mathematical chance that one of them was going to do it again. As far west as San Francisco last week, Dow-Jones tickers carried the inning-by-inning score to boardrooms, and fans clustered around radio sets as St. Louis, nursing a two-game lead, came face-to-face with the Dodgers in a three-game series in Brooklyn...