Word: dowe
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...money so far has kept pouring in even while prices temporarily went down. Wall Street used to regard a 10% "correction" as standard after an especially sharp and rapid advance, but the Dow has not had even a temporary downswing that large in the past five years. Huge as it seemed in points, last week's drop came to only 1.6% of the index total...
...almost vertical ascent since the Crash of '87, share prices can keep going up forever. There are some signs of nervousness that one of these days a financial version of the law of gravity will reassert itself, as evidenced by last week's 94-point drop in the Dow Jones industrial average, to 5536. But majority opinion is that such drops will turn out to be only the latest of many fleeting downdrafts. Most analysts, rightly or wrongly, rate the risk of bailing out of the market too soon, even at these heights, as greater than the risk of hanging...
Buyers of mutual funds alone put $129 billion into the stock market last year, about $10 billion more than 1994's gargantuan inflow. By no coincidence, the Dow average jumped 33% during the year, surpassing both the 4000 and the 5000 levels; never before had two 1000 marks fallen in the same year. This January alone, mutual funds took in $33.3 billion in net new cash and invested $28.9 billion of it in stocks, 76% more than in December and 57% more than in January 1994, which had set the previous record. Result: the Dow climbed 10% from the start...
...YORK CITY: The nation's unemployment rate improved dramatically in February, falling to 5.5 percent, as the country posted its biggest one-month job increase since 1983. However, the good news sent a surprised Wall Street reeling. The Dow Jones industrial average closed down 171.24 to finish at 5470.45, the third largest net one-day drop ever. Other markets followed suit. The NYSE composite was down 10.31 at 339.83, the Standard & Poor's 500 composite declined 20.46 at 633.19, the AMEX market value index was down 10.25 at 560.06, and the Nasdaq composite...
...Dow Jones industrial average closed at a near-record 5,641.69, up 11.92. Declining issues narrowly lead advancers on the New York Stock Exchange on a heavy volume of 425.74 million shares as of 4 pm. The S & P's 500 index rose 1.65 to 653.65, while the Nasdaq rose 1.30 to 1,093.12. In London, gold finished...