Word: dowe
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...about 30 minutes on Tuesday, the Dow Jones Industrial Index gained back close to half of yesterday's loss, which included the biggest point drops in more than 20 years for most of the world's major stock indices. But investors could not look past the struggling U.S. financial sector, nor the overleveraged European banks. Very quickly, they sent the Dow on a day-long 500 point plunge - with it and the S&P 500 hitting five-year lows...
...Tuesday's trading day, the Dow had plummeted 5% to 9,447.11. The other major indices declined as well with the NASDAQ down 5.8%, the S&P 500 down 5.74%, while investors retreated to traditional safe harbors such as gold, which was up $17.10 to $833.80, and oil, up $3.39 to $91.20 respectively...
Another day, another drama on Wall Street. On Monday, the Dow Jones industrials plummeted roughly 800 points before rising late in the afternoon for an overall drop of around 370. But the swirl of numbers so far does not include perhaps the surest sign of hard times on the horizon: consumer confidence data. "For sure, we're going to see a decline in response to recent events," says Nicholas Souleles, a professor of finance at the University of Pennsylvania's Wharton School of Business. "How much remains to be seen...
...bill passed the House 263 to 171 - with 91 Republicans and 172 Dems voting yes - a larger margin than expected, considering the bill's spectacular failure, 228 to 205, on Monday that caused the largest one-day drop, 778 points, in the Dow Jones industrial average. Very soon after passage, President Bush signed the bill into law, finally giving Treasury Secretary Hank Paulson the authority that he requested more than two weeks ago to buy up Wall Street's distressed mortgage-backed securities. But getting it done was not pretty or easy, and the clearest sign of that...
...HALEN and GENESIS among Top 10 highest-grossing musical acts; Dow plummets. 1987 is back...