Word: dowe
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Dates: during 1970-1979
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...economy that has enveloped the nation in recent months. For all its progress in production, jobs, personal income (up around 11 %) and corporate profits (about 12% ahead of last year, after taxes), 1977 brought the economy a set of nagging headaches. Stock prices tumbled through the year; the Dow Jones industrial average is now about 19% below what it was at the close...
...stock market reacted to all these uncertainties in predictable fashion: it sank. The Dow Jones industrial average, the market's most widely watched barometer, plunged dizzily to 800.85, its lowest level in two years. The drop is particularly unsettling because investors regard the 800 level as a psychological barrier; once it is breached, they fear an even steeper fall. By week's end the market had recovered slightly, to a closing Dow average of 809.94. Nonetheless, since New Year's Eve the Dow has plummeted 194.71 points, an astonishing slide. Clearly the nosediving stock market is trying...
Corporate executives are by no means alone in that uncertainty. Stock traders are so unsure about the direction of the economy that their selling selling has driven down the Dow Jones industrial average about 19% so far this year, from 1,000 at the end of 1976 to under 810 now. Louis Harris surveys show a startling pessimism among the general public about Carter's economic policies. In September only 26% of those polled by Harris gave the President a positive rating on his overall handling of the economy...
Certainly, the clash will do nothing to strengthen Carter's already tenuous links with business, which remains uncertain about the thrust and competence of his Administration and about the health of the economy. That uncertainty was mirrored on the New York Stock Exchange, where the Dow Jones industrial average dipped to a two-year low the very day of the President's press conference. The foreign exchange value of the U.S. dollar also fell to a near-record...
...Journal that 85% of the drop was due to the W.S.J. article about Conway's remarks. Low acknowledged that Savin was having a dispute with Ricoh about royalties on the copiers, but added that Ricoh was continuing to deliver machines under a contract that runs until 1989. The Dow Jones ticker, operated by the company that publishes the W.S.J., ran an item, but initially omitted the point about the contract, since both Low and the reporter agreed that it was old news. Later the ticker did add information about the contract-but by then there had been additional heavy...