Word: dowe
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Dates: during 1970-1979
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Earlier this year, as the economic recovery picked up momentum, some savvy Wall Street professionals were predicting that stock prices would zoom and the Dow Jones industrial average would easily soar beyond the peak of 1,051.70 it reached in 1973. So much for savvy. Since January the stock averages have wobbled and worried their way down steadily. Last week the 1977 market's peevishness turned into something approaching panic, as a selling stampede slashed share values and drove the Dow down to its lowest level in 18 months...
...pickups by affiliate stations across the country. The two major U.S. wire services, Associated Press and United Press International, feed news from New York headquarters to more than 16,000 U.S. and foreign newspapers, radio stations and TV news desks. Scores of New York-based syndicates, ranging from Dow Jones and King Features to Hearst and Fairchild, also transmit daily features (political columns, advice to the lovelorn, gardening tips and much, much more) by electronic impulse to thousands of clients. When the dynamos serving New York went dead, so-at least briefly-did a large portion of international communications...
...delighted to learn that the chairman of Dow Chemical made nearly half a million dollars in 1976. I'm sure he's worth every penny of it too. My only question is: What did his secretary make...
...about inflation, and only 25% of those surveyed expressed confidence in Carter's ability to handle the economy, a plunge of 8 points since March. That general skepticism appears to be reflected in the skittish behavior of the stock market, a pretty fair indicator of business confidence. The Dow Jones average has slid steadily, hitting a low of 898.66 last week then burping back slightly to 912.23; at the end of 1976, the Dow stood...
Chairman, Dow Chemical...