Word: dowe
(lookup in dictionary)
(lookup stats)
Dates: during 1980-1989
Sort By: most recent first
(reverse)
Rising interest rates usually bring gloom to the stock market, since they can presage a slowing economy. But stocks are doing the unexpected. Last Friday the Dow Jones industrial average closed at 2226.07, its highest level since Oct. 16, 1987, the Friday before Black Monday. It was up 32 points for the week and 57 points since...
...CAPTION: Dow Jones industrials, weekly closings
...Wall Street, anti-takeover ploys are becoming as pervasive as red suspenders. Last week four blue-chip companies, including Dow Chemical and ^ American Express, unveiled a new financial product that could become a deterrent to corporate raiders. The firms will buy back as much as $5.6 billion worth of their shares with so-called unbundled stock units: packages that include a bond and two new types of securities. Partly because the new packages will allow the companies to pay less in taxes, investors might bid up the price of the new units. Raiders, Wall Streeters believe, might resist paying such...
George Bush did not expect a honeymoon, but he did not get even the quiet Florida fishing weekend he had hoped for. Just after American voters overwhelmingly chose him over Michael Dukakis, the world's financial markets sent Bush a message of their own: the Dow Jones industrial average plunged 75 points, followed by the dollar's drop to near postwar lows against the yen. Investors who had sat quietly through candidate Bush's repeated taunts to Congress to "Read my lips -- no new taxes" decided that President-elect Bush had no convincing plan to cut the nation's towering...
...dollar drops and the Dow plunges, the President- elect begins to assemble a team that he hopes can stop the slide. -- Nine sub- Cabinet jobs that will make a real difference on trade, foreign policy and the environment. -- Louisiana' s Bennett Johnston, a leading contender for Senate majority leader, says Bush' s economic plan is "absolute nonsense...