Word: dowe
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Dates: during 1980-1989
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...Dow flirts with 1200 as the bulls continue to stampede...
Wall Street last week again let the good times roll. Whenever investors begin wondering whether the eight-month-long rally might finally be ending, the stock market seems to take off on a new record-breaking binge. Last week the Dow Jones average of 30 leading stocks flirted for the first time with the 1200 level. Said Frank Quintana, a Merrill Lynch floor trader who was hoarse from shouting buy and sell orders at the New York Stock Exchange: "The euphoria just keeps building and building. I can't remember a mood like this since August...
...week's end the Dow Jones average had reached new highs in six out of its previous eight sessions. The Dow, which ended the week at a record 1196.30, has surged 419.38 points since Aug. 12 (see chart...
...benefits, were down 47% this year, but profits for the company's C.I.T. Financial and NBC subsidiaries moved ahead. Basic industries generally have yet to feel the recovery. Republic Steel lost $35 million in the first quarter, almost twice as much as last year. Armco lost $128 million. Dow Chemical's profits declined from $154 million last year to $69 million this year. Dow President Paul F. Oreffice explained that his industry "traditionally lags a general economic turnaround by a few months." The big domestic oil companies, beset by falling prices, should show a 20% profit drop...
...chilly morning in March 1965, a highly unusual gathering took place at Dow Chemical Co.'s headquarters in Midland, Mich. Without any corporate fanfare, Dow scientists met with colleagues from three rival firms, Hooker Chemical, Diamond Alkali and Hercules Powder. On the agenda that day was a discussion of the effects on human health of a family of chemicals known as dioxin. The chemicals, including Agent Orange, later used by the U.S. to defoliate the jungles of Viet Nam, are an unwanted byproduct in the making of herbicides. At the time, most chemists were only vaguely aware of dioxin...