Word: dowe
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...about on par with the precrisis gilded age, while announcing that it had set aside $11.4 billion this year to compensate workers, or $386,489 per employee. The huge profits were hailed on Wall Street as another sign that the crisis might be ending. On July 15, the Dow Jones industrial average jumped 3.1%, and other banking giants are expected to issue their own similarly glowing reports. On July 16, JPMorgan announced that it had earned $2.7 billion in the second quarter. (Read "Despite the Economy's Struggles, Stock Market Soars...
...stock market rose powerfully on Wednesday, with the Dow jumping 3.1% to 8,617 and the small-stock Russell 2000 index rising 3.9%. That's more than most bond funds return in a full year, and it was the best daily performance in the last three months for many market indexes, including the Dow and the S&P 500; the broad S&P index is up 6% this week alone...
...Department gave CIT $2.3 billion in federal assistance from TARP funds. But apparently, the Treasury Department's bar for bailouts has risen, and CIT isn't tall enough anymore. And while some bank stocks traded down on Thursday, investors mostly shrugged off news of CIT's possible collapse. The Dow Jones industrial average rose nearly 100 points. (Read "How to Know When the Economy Is Turning...
There's an even bigger problem in the weekend box-office tallies announced each Sunday around noon Eastern time. They are taken as an accurate summary of an industry's health, like the Dow Jones average, but they're grounded less in facts than in wish fulfillment. They take the hard data on the Friday and Saturday grosses, then add each studio's educated guess as to how its movie is likely to do on Sunday. Sometimes those guesses are wrong. A month ago, Up was declared the weekend winner over The Hangover, but the Vegas comedy lured more customers...
...year in which nearly all markets plummeted simultaneously due to unprecedented financial turmoil, domestic bonds may have been one of the few well-performing assets in Harvard's investment portfolio. Over the past year, the Dow Jones CBOT Treasury Index—a real-time, broad-based indicator of bond market performance—returned over 8 percent, while the S&P 500, which HMC often cites in comparisons with its own endowment performance, dropped over 30 percent...