Word: dowe
(lookup in dictionary)
(lookup stats)
Dates: during 1970-1979
Sort By: most recent first
(reverse)
...current flurry of optimism will hardly take the edge off disappointment over the economy's performance in 1976. The year began in high gear with an unprecedented surge of investor confidence that drove the Dow Jones industrial average of 30 stocks up 122 points in January alone, the most successful month in Wall Street history (see box). By April, growth figures were in for the first quarter, and they seemed almost too good to believe. Discounted for inflation, G.N.P. rose at a 9.2% clip, one of the biggest quarterly spurts on record. Corporate profits soared; American Telephone & Telegraph eventually...
...recent weeks by Carter's appointment of political moderates to top Administration posts. Says Reynolds Securities, Inc. Vice President Robert Stovall: "'There's a growing chance that Carter might give us a market equal to that of the first year under President Kennedy" (when the Dow Jones industrial average of 30 blue-chip stocks rose...
Reflecting the new optimism, the Dow has already climbed from a postelection low of 924 on Nov. 10 to 979 at the close of trading last week, a gain of 55 points in five weeks. Monte Gordon, research chief of The Dreyfus Corporation, believes the Dow could hit 1100 in the first six months of next year, surpassing its alltime, January 1973 high of 1051.70. About midyear, Gordon predicts, the Dow will slide back to 1025 or so before moving up again to close 1977 somewhere between 1100 and 1150. Analyst Edson Gould of Anametrics, Inc. who has gained...
...stocks of smaller companies in residential building, home-furnishings and semiconductor equipment. Until fairly recently, such secondary stocks were largely overlooked despite their attractively low price-earnings ratios and relatively high dividend yields. One result of this buying surge: price gains in the general market have outdistanced the Dow's blue-chip index. So far this year, the Dow has advanced 15%. The index of all stocks traded on the New York Stock Exchange (roughly 1,550) has gone up 18.8%. All this portends a good, maybe even record year for brokerage houses...
...stock market is the most sensitive barometer of investor attitudes, and it has reacted to Jimmy Carter's election with a minicrash. During the first eight trading days since the vote, the Dow Jones industrial average plummeted more than 38 points, to a close of 927.69, the lowest since last January. Though stock traders have had other things to worry about-primarily the slowdown in the economy-the chief reason for the sell-off appears to be fear that Carter's programs to speed up the economy will set off a new burst of inflation...