Word: dowe
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...investors have caught on to their appeal: index funds cost little to run, compared to actively managed funds, so more of the profits are passed on to investors. Index funds are also easy to track since they move in near perfect tandem with popular indexes such as the Dow Jones industrial average or the Standard & Poor's 500. And for three years running, returns on the index funds have trounced that of the average stock fund. No wonder assets in stock-index funds have increased tenfold in five years...
...nothing to latch onto. There is no sign of inflation, and the economy still seems to be slowing. The only worrisome area is labor, where the scarcity of workers might push wages up, but even that's just minuscule right now." Reassured investors sent the Dow up 154 points on the day for a new record close of 8061.65. Kadlec says Greenspan has softened in one way: he'll let traders have their fun. "I think mainly what Greenspan signaled today is that these days, he needs more than just an inflated Dow before he steps in and pricks...
...stock market has officially entered La-La Land. The summer rally that last week pushed the Dow Jones industrial average to within a whisker of 8000 has blown through the last remaining bounds of sanity. No sweat, say some Wall Street swamis. The market has a permanent visa to the ether. But don't believe it. Like Wile E. Coyote running off a cliff while chasing the Roadrunner, the market is churning its legs furiously, but there's nothing beneath it. When investors finally look down...
...developments. Start with the recent rally, which has taken the Standard & Poor's 500 to a gain of 21% through the first half of the year. That follows gains of 23% last year and 37% in 1995. In this century there have never been three consecutive years where the Dow rose more than 20% each year...
...right around high noon Wednesday when the Dow Jones Industrial Average cleared 8,000, driven by heavy volume and some encouraging news about inflation. With the new milestone, the index has now doubled in less than two and one-half years, having crossed 4,000 first in February 1995, and some gape-mouthed analysts are ready to bet seriously on 10,000 by the year 2000. Details of the day's trading in Money Daily...