Word: dowe
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Dates: during 1970-1979
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...likely to wipe out the celebrated depletion allowance. Prospects for a quick end to the nationwide coal strike darkened as mine-union leaders raised new objections to a proposed contract that provides well over a 50% raise in wages and benefits over three years. On Wall Street, the Dow Jones average worried its way back down toward the 600 level, as signs of deepening recession mounted every...
...fact that a U.S. President was at long last addressing these prob lems helped send the depressed stock market to its best one-week rally in history. The Dow Jones industrial average roared up 74 points, closing at 658. At that level it is still low relative to corporate earnings and the economy's longer-term prospects, but the sentiment is that the bear market is not over. Still, investors were grasping at straws of good news: the prime lending rate declined to 11.5%, and if just for one month, the wholesale price index rose at an annual rate...
...attracted massive amounts of money out of the mortgage market, put an enormous strain on banks and credit, and generally slowed production?without even denting inflation. Growing doubt among investors about the Administration's ability to control the economy has sent the stock market into a frightening slump. The Dow Jones industrial average has plunged almost 200 points in the eight weeks since Ford took office, closing last week at a twelve-year low of 585. The Labor Department announced that the unemployment rate for September jumped from...
...final ruling was a compromise. Nonetheless, Dow Chemical Co. was quick to describe the new limit as "unnecessarily stringent." Having dealt with vc for nearly 25 years and cut exposure levels to 50 p.p.m. back in 1961, the company reported no cases of angiosarcoma; its evidence thus indicated that amount as a safe level of exposure. Moreover, the industry says that it simply does not have the technology to comply with the new restriction, and the Society of the Plastics Industry has sued to overturn OSHA's ruling...
Otherwise, the business news continued gloomy. The stock market, which spurted two weeks ago on anticipation of the prune-rate cut, plummeted, reflecting disappointment that Morgan Guaranty's initiative did not take hold more quickly. The Dow Jones industrial average dropped 49 points during the week, to close at 622, beneath the twelve-year low of 627 touched in mid-September. The Commerce Department's "composite index of leading indicators"-those that supposedly give reliable clues to the future direction of the economy -fell 1.2% in August, its biggest monthly drop since December. It is still 5.7% above...