Word: dowe
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...this year, the company said it had to meet the challenge of discount and generic brands. Fears of a price war prompted Wall Street to dump tobacco stocks. Philip Morris shares plunged $14.75, to $49.38, and since the company is among the 30 firms whose stocks are in the Dow Jones Industrial Average, that bellwether index plummeted. A weak bond market and news that the unemployment rate remained at 7% in March helped intensify the rout on the Big Board. The Dow was down nearly 69 points on the day, to close...
...defended Merrell Dow in a dispute over the linkage of the drug Bendectin, which it once manufactured, and birth defects in babies of women who took the drug while pregnant...
Stock prices swung . . . er . . . crazily. Down 83 points on Tuesday, as measured by the Dow Jones industrial average, after Clinton's Monday night TV preview. Marking time Wednesday. Thursday, sequential chaos: up 35 points early, then down around 40, then recovering to a loss of only around 10. Friday, up, down, sideways and up at the end, for a gain of almost 20 points on the day -- but a loss of roughly 70, or 2%, for the week. Fundamentally, stock traders were highly nervous. They were worried that the higher taxes Clinton proposed would, at least in the short...
...CAPTION: DOW JONES AVERAGE...
Some stock traders might even be tempted to use the still taboo word boom. The Dow Jones industrial average last week shot up 4%, to a record Friday close of 3442. The 132-point rise in this blue-chip stock index for last week alone equaled its increase for all of 1992. Even more striking, bond prices rose enough to send the interest rate on long-term Treasury bonds down to 7.17%, the lowest since 1986 (the higher a bond's price, the lower its interest yield). Apparently bond traders, who usually do not trust Democrats, think that Clinton really...