Word: dowe
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...Dow Jones industrial average continued its rollercoaster ride into the new year Wednesday, losing 21.32 points after gaining 44.44 points Tuesday. The Dow closed at 5,066.90. The New York Stock Exchange composite index also fell, 0.54 to close at 325.29. On the Big Board, advancers led decliners 1,231 to 1,127, with 759 unchanged. The technology-heavy Nasdaq composite index rose 1.35 to end the day at 997.22. The Standard & Poor's 500 stocks lost 2.06 to close at 606.38. The American Stock Exchange market value index gained 1.30 to close at 533.21. In London, gold closed...
...been long in corn instead of Turkey, we would have been up 59.8%, as corn outperformed the Dow Jones industrials by nearly double in 1995. Zero-coupon bonds did even better, up 63.1%. At least we avoided coffee beans, down 43.8%, and Taiwan equities, down 30.6%. So there are some reasons to be thankful, and just as many to be sorry...
...best guess of the analysts is that the 30 companies in the Dow Jones industrials will earn a combined $347.50 per share in 1996. If these 30 stocks sell for an average of 171/2 times earnings, we might even see a 20% gain in stocks and a 6000 Dow in 1996. But this is where the doubts creep in, owing to the sluggish economy and the silence at the cash registers...
...think the odds are better than even as of today that there will be no agreement," the House Speaker said Wednesday from Casper, Wyoming. "It may just be that we need one more election." Minutes after his comments, stock prices dropped 35 points. By the end of trading, the Dow Jones industrial average had plunged 97.19 points, a steep decline that compounded a 67.55-point drop on Tuesday. It was the ninth-worst point drop ever, and the biggest since budget negotiations stalled on December 18. In shattering the prospect of the first balanced budget in three decades, the Speaker...
...Dow Jones industrial average rose 16.62 points to finish at 5194.07. Advancing issues led decliners by nearly 5 to 3 on the New York Stock Exchange on a heavy volume of 468.92 million shares. The NYSE composite index rose 0.92 to 332.63, with the S&P's index up 0.59 at 621.32. Meanwhile, technology stocks suffered a setback, causing the technology-heavy Nasdaq composite index to fall 12.39 points to 1,046.26. And in London, gold soared to $393.75, up $6.90. Photographs...