Word: dowe
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Dates: during 1980-1989
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...economic realities the market's fall reflects. That's why the Democratic presidential hopefuls have been talking about nothing but spending cuts, which--it is hoped--would drive down the deficit and create a climate in which speculators would reenter the market. The purpose? Simply to drive up the Dow Index which it is so comforting to misconstrue as a measure of general economic prosperity...
Alexander had had premonitions of bad news. In a story he ordered and edited only four weeks earlier, TIME drew worrisome parallels between the Wall Street boom and the events that led to the Crash of '29. Still, the 508-point drop in the Dow Jones industrials on Black Monday was such an unsettling event that a major examination was in order. Under Alexander's supervision, TIME directed its considerable resources at determining why the bubble burst, where the financial markets were headed, and what the implications of the crisis were for both the global economy and the wallets...
...another shortened session, the Dow Jones average of 30 industrial stocks soared 91.51 to 1,938.33, a 5 percent increase. The closely watched index, which fell about 300 points last week and 157 on Monday, was up more than 110 points at one point yesterday...
...measured by Wilshire Assocaites' index of more than 5000 stocks, the market gained $106.5 billion. That compared with a $500 billion loss on Oct. 19, when the Dow Jones industrial average plunged an unprecedented 508 points...
Traders said they were encouraged by the market's showing on Tuesday and Wednesday, in which the Dow Jones blue-chip index rose nearly 53 points. Investors have been slowly moving back into the market picking up stocks considered greatly undervalued, they said...