Word: dowe
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Dates: during 1970-1979
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During the Dow demonstrations in 1967, Harvard breathed a sigh of relief when it discovered that it owned no stock in the company holding the government napalm contract...
...Last year, Dow lost the contract bidding to other competing companies. A Dow executive explainel that the company had produced napalm with a minimal profit as a public service but last year decided the contract was not worth the trouble and bid according to regular profit scales...
Wall Street and the financial markets are obsessed by the question of how soon and how much the Federal Reserve may ease money and credit. The stock market is so hungry for easier credit that the Dow-Jones industrial average bounded 20 points last week in a euphoric reaction to cuts in the prime lending rate, from 8½% to 8%, by two small banks in Philadelphia and Bakersfield, Calif. Major banks, however, scoffed at the idea of reducing their loan charges...
Covering His Risks. All those words had only a temporary effect. Nixon's remarks caused stock prices to close higher for the first time in a week and a half. The next day the Dow-Jones industrial average fell again until early afternoon; then it overreacted to Kennedy's words by jumping more than 14 points in half an hour. But the extreme euphoria soon wore off, and stocks seesawed inconclusively, closing at 753 on the Dow-Jones, nine points higher than the previous week...
Western Suspicion. Providing bandages for wounded investors is not high on Nixon's list of priorities. In spite of five years in a Wall Street law firm, he still has some Western suspicion of Eastern financiers. The President does not have a Dow-Jones ticker in or near his office. The market is rarely a topic of serious discussion among White House staff members or government economic advisers...