Word: dowing
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Dates: during 1980-1989
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...however, most American firms have sold their holdings to local, white-controlled firms. Buyers include giant conglomerates like the Premier Group, which purchased Dow Chemical's subsidiary, and smaller firms like Northern Engineering, which acquired Eaton's operations. Other U.S. divisions have been sold to the white South Africans who managed the subsidiary or to foreign firms. Only a few companies, including Eastman Kodak, have completely shut down their operations...
Most experts would consider that charge hyperbolic if not downright false. Still, the change at the Fed was unsettling enough to cause considerable zigzagging in world financial markets. Within minutes of Reagan's announcement, the Dow Jones average of 30 industrial stocks dropped 22 points, and bond prices suffered their worst one-day drubbing in more than five years. But the Dow bounced back by 42.47 the next day and closed on Friday at 2326.15, up 34.58 points for the week, while bond prices also recovered much of their loss. In Tokyo the U.S. dollar, which has lost about...
...goal of the Venice meeting -- to boost global economic growth -- calls for fundamental, and thus more difficult, changes in disparate national economic policies. Even so, financial markets turned optimistic last week as the summit meeting neared. On Wall Street, the Dow Jones average of 30 industrial stocks rose 48.37 points over the previous week, closing at | 2291.57. The U.S. dollar staged its strongest rally of the year, rising about 2% against the yen and the deutsche mark in two days. Experts wondered, however, whether the financial markets could continue to pay such handsome returns in the face of dismal economic...
Despite those risks, Wall Street gave Citicorp a vote of confidence. At first, apprehensions about the bank's write-off announcement rekindled the stock market's hair-trigger fear of a banking crisis. Partly as a result, the Dow Jones average of 30 industrial stocks took a nose dive of 37.38 points on Tuesday, just before Chairman Reed made his disclosure. The market quickly stabilized the next day, and Citicorp's stock rose to close the week at 55 3/ 8, up 4. Investors praised Citicorp's openness. Said an approving Lowell Bryan, a director of the Manhattan-based McKinsey...
DESCRIPTION: Three charts on moving truck: Weekly closings for Dow Jones Industrials, from January 3, 1986 to May 15, 1987; Economic growth, percent changes in real GNP at annual rates from 1986 to 1st quarter of 1987; and percent of civilian labor force unemployment for the same period. Three additional charts shown as potholes are labeled U.S. DOLLAR as indexed against ten currencies from January 1986 to May 1-15, 1987; INTEREST RATES, percent per year on 30-year Treasury bonds from July 1986 to May 1-15, 1987; and INFLATION, percent change in CPI at annual rates from...