Word: dowe
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Dates: during 1940-1949
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...gains of the last year-along with some $4,500,000,000 in values-had been wiped out. Next day there was another avalanche of selling (3,620,000 shares). Then the market rallied, but only briefly. As this week opened, the market cracked wide open again. The Dow-Jones index fell to 172.03, a decline of more than 17 points in only five trading days...
Trouble in Stocks. Nor was the stockmarket, the consensus of guesses on the business future, reassuring. For the second consecutive week it cracked badly. The Dow-Jones index of industrial stock prices fell 5.95 points in one day, the sharpest break since May 1940. By week's end it was down 8.56 points to 189.19. The decline was as steep as the one which signaled the collapse of the last big bull market in 1937 (see chart). (Some Gloomy Guses observed that the 1937 recession was also preceded by piling up of inventories...
...Next day it opened at 187¾, down an additional 5¼ points. Nervous motor and steel stocks dropped too; others sagged one to eight points. Soon the market was caught in the heaviest selling and the deepest break in industrial averages since late July (TIME, Aug. 5). The Dow-Jones index plummeted through 200 (the reputed resistance point of this market) and came to rest at 196.66. Over a million and a half shares had been traded...
...touched off by A.T. & T., had been caused by: 1) the U.S. ultimatum to Tito, 2) Chrysler's announced shutdown, 3) "discouraging" second-quarter earnings. Moreover, A. T. & T., being a pivotal stock with one of the highest quotations on the market, had a disproportionate effect on the Dow-Jones index. Heavy trading in A.T. & T. had carried the whole industrial index below the market's resistance point, scared holders of other stocks into selling...
...exorcise these evils, Dow Chemical Co. offers dinitro-ortho-secondarybutyl-phenol, which it calls Dowspray 66 Improved. Sprayed on the vines, it shrivels them to chaff. Potatoes, synthetically frosted, stop growing, toughen their skins. Diggers shuck them out of the ground unclogged by greenery...