Word: dowe
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...municipalities, since they're worried about who could go under next. The initial market reaction to Paulson's speech was something on the order of: "Holy [expletive deleted], we must really be in trouble." The market cratered when it heard on Wednesday, losing nearly 190 points on the Dow after trading in the black for most of the day. It tanked again on Thursday...
...huge stock-market losses on Thursday - a 7.3% drop in the Dow Industrials, a 7.6% decline in the S&P 500 - were just the latest in a string of traumas for investors already afraid to open brokerage statements or turn on cable TV for fear of what the news might bring. It was the seventh straight day of declines for the Dow, driving the group of blue-chip stocks below 8,600, a level not broached in five years. Since the market's high - ironically enough, exactly a year ago - the Dow has shed nearly...
...markets have devoured last week's passage of the titanic $700 billion bailout package without a trace. By the end of Tuesday, the Dow had dropped 1,400 points in five days, the biggest point loss ever. As increasingly gloomy job numbers pile on top of the continuing problems in the credit market, it seems the U.S. government may be running out of economic hash to sling...
Silver linings, alas, aren't liquid assets. And so, the Dow Jones Industrial Average scratched its head over how to interpret the decision by six central banks, including the Fed, to lower their key lending rates - the average moving first slightly up, then down, then up again till the last 15 minutes of the day when suddenly, it all came back down, closing down more than 189 points...
...fossil fuels, once viewed as a Democratic trump card...has become a lodestone instead," wrote the green pollsters Michael Shellenberger and Ted Nordhaus in a recent piece for the Los Angeles Times. The ensuring financial meltdown hasn't helped. Since the climate bill was defeated on June 6, the Dow industrial average has lost some 2,000 points. "I think the financial crisis will strengthen the hand of opponents of carbon trading on both the left and right," says Nordhaus...