Word: dowe
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Dates: during 1970-1979
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Take last week. By the standards of October 1929, or even May 1962, nothing overly dramatic happened. Trading was light to moderately heavy, ranging daily between 6,650,000 and 14,570,000 shares on the New York Stock Exchange. Yet by Thursday afternoon the barometric Dow-Jones industrial average had fallen 33 points to a seven-year low of 685. On Friday, prices rallied briskly enough to send the Dow average up 17 points to 702. The rise stirred some cautious chatter among brokers and analysts that the market might be, in Wall Street's convoluted jargon, "bottoming...
Investors have heard such talk many times before in the past 18 months. In that time the Dow-Jones has fallen 283 points, or 29%, and a staggering $250 billion has been erased from the paper value of stocks listed on the New York and American exchanges. In both length and depth, the slide now ranks as the worst since the Depression market of 1937-38. Indeed, before the Friday rally, the drop could have been said to have repealed the entire decade of the Soaring Sixties; on Thursday the Dow average was lower than at the start...
...Dow Jones industrials average fell 11.30 points to 665.25 yesterday. In three days, the market has lost 37.56 points...
...Wall Street seems to believe the Administration on that subject any more-on May 12 a "Melvin Laird rally" of stock prices, spurred by his assurance that all ground forces would be out of Asia by June, 1971 lasted only a few hours. The Dow Jones Industrials, the most widely published index of market prices, closed 5.48 lower than it had opened that morning...
...businessman's President has made several attempts to coax stock prices upward and offer an illusion of prosperity. On April 28, after the Dow closed at 724.33, the lowest since the day John Kennedy was killed. Nixon spoke of his absolute faith in the economy and said that he would, himself, be buying stocks now if he had money to spare. Presumably investors were to believe in Nixon and buy stocks, making the market rise . . . By May 5 the Dow Jones Industrials had fallen to 709.81. And the Dow closed Friday...