Word: dowe
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After nearly seven fitful years, the Dow Jones industrial average hit a new high last week. Long-term blue-chip-stock investors who bought in January 2000, when the Dow peaked at 11,723, were even at last. Time to break out the bubbly? Maybe. Then again, maybe...
...Harvard on what we’ve heard tonight,†added Councillor Anthony D. Galluccio. Harvard News Office Director Joe Wrinn would not comment on the resolution because the case is in arbitration. The council also made a gesture against global injustice with two resolutions condemning The Dow Chemical Company for an industrial disaster in Bhopal, India in 1984 which killed more than 15,000 people, according to Amnesty International. In a related resolution, the council proclaimed Dec. 3 as “Cambridge Day of Remembrance for Victims of Industrial Disasters and Pollution...
...Dow Chemical...
...consumer prices climbed faster than expected in May, further fanning investor fears over inflation. Stock markets around the world have cracked sharply lower the past few weeks, with the Dow Jones Industrial Average losing all the ground it had gained so far this year. Japan's stock market is down 11% on the year; gold has had its biggest slide in a decade and a half; and many emerging markets are wobbling. After Wednesday's Consumer Price Index report from the Labor Department, which showed a 0.4 percent increase in prices for May (core inflation, which excludes food and energy...
...Bernanke, Greenspan's relatively straight-talking succcessor at the Fed. In a speech to an international monetary conference, Bernanke took a hard stance against inflation and implied interest rates would continue to rise in order to keep inflation in check, all of which sent stocks tumbling, with the Dow falling more than 2%, or almost 250 points, in the first two days of the week. The harsh reaction wasn't just due to Bernanke's unusually blunt outlook, though certainly the stock market doesn't like higher interest rates, which tend to crimp corporate profits as people are lured...