Word: dowing
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Dates: during 1980-1989
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...anyone who watched only the Dow Jones industrial average last week would have been unlikely to sense that history's biggest stock scandal was unfolding. Opening after a three-day weekend, the Dow jumped 54.14 points on Tuesday alone, a record rise for a single session. It set an all-time high of 2244.09 on Thursday before slipping back to close the week at 2235.24. The market's reaction was in direct contrast to its performance after the Boesky revelations last November, when it plunged briefly as investors dumped speculative takeover stocks. This time, big institutions and foreign investors evidently...
Unable to find enough young people to flip its Big Macs, McDonald's has launched a recruiting program called McMasters to entice older Americans into staffing its grills and cash registers. Competitor Wendy's offers cash incentives, scholarships and "career ladders" to hang on to teenage employees. Dow Chemical, vilified on college campuses during the Viet Nam War for manufacturing napalm, is reaching out to young people in television commercials that show freshly minted college graduates signing on to help feed the world. Across the U.S., colleges are out hustling for freshmen in innovative ways: the University of Rochester offers...
Hair-raising, unpredictable, frighteningly volatile -- just about every scary term imaginable was being used last week to describe the outlandish behavior of the stock market. Friday was the day to beat all days, the wildest and woolliest in the market's history. First the Dow Jones average of 30 industrial stocks zoomed up 64 points in the space of five hours of trading, to a high of 2210. Then, just as suddenly, the Dow nose-dived, swinging down an amazing 115 points in 71 minutes. At times there literally were no buyers on the trading floor of the New York...
...time the trading frenzy was over, the Dow had dropped 44.15 points, & closing at 2101.52, still up 24.88 points for the week. It was only the second time since the new year began that the index had fallen by the end of a day's trading. In the process, the highly computerized N.Y.S.E. smashed yet another record by trading a phenomenal 302 million shares, bettering the mark of 253 million shares set on Jan. 15. Complicating things even further for record keepers, Friday's spectacular Dow reversal came only 24 hours after the index had registered its biggest single...
...latest currency upheaval may have had ominous implications for international cooperation but, paradoxically enough, it failed to quell investor confidence in the booming U.S. stock market. Last week the Dow Jones average of 30 industrial stocks continued its spectacular rise past the magic 2000 mark that it attained on Jan. 8. After showing gains every day since the New Year began and reaching record heights each day for the past two weeks, the Dow closed at 2076.63, up more than 3.5% last week...