Word: dowing
(lookup in dictionary)
(lookup stats)
Dates: during 1990-1999
Sort By: most recent first
(reverse)
Following days of sharp volatility, stocks drifted lower today in a quiet day on Wall Street. Preliminary calculations show the Dow Jones industrial average fell 15.17 to 5,568.72. Volume was moderate at under 400 million shares traded. Broad market indexes were higher, with the Nasdaq composite lifted by technology stocks. The Nasdaq composite index rose 14.25 to 1,087.30. Stocks were helped a little by bonds, where the long bond was up 3-16 pointS, yielding 6.67 percent, recovering from a 1/2-point loss this morning. At the American Stock Exchange, the market value index rose...
Wall Street had a stunning recovery today, rebounding from last Friday's furious sell-off. The Dow Jones industrial average closed with its third-largest point gain, rising 110.55 points to 5,581.00. Other indexes also rose: The NYSE's composite index was up 3.01 at 342.75, the Standard & Poor's 500 composite went up 6.52 to 640.02, and the NASDAQ composite index was at 1,078.83, up15.10. In London, gold finished...
...money so far has kept pouring in even while prices temporarily went down. Wall Street used to regard a 10% "correction" as standard after an especially sharp and rapid advance, but the Dow has not had even a temporary downswing that large in the past five years. Huge as it seemed in points, last week's drop came to only 1.6% of the index total...
Buyers of mutual funds alone put $129 billion into the stock market last year, about $10 billion more than 1994's gargantuan inflow. By no coincidence, the Dow average jumped 33% during the year, surpassing both the 4000 and the 5000 levels; never before had two 1000 marks fallen in the same year. This January alone, mutual funds took in $33.3 billion in net new cash and invested $28.9 billion of it in stocks, 76% more than in December and 57% more than in January 1994, which had set the previous record. Result: the Dow climbed 10% from the start...
Wall Street had a stunning recovery today, rebounding from last Friday's furious sell-off. The Dow Jones industrial average closed with its third-largest point gain, rising 110.55 points to 5,581.00. Other indexes also rose: The NYSE's composite index was up 3.01 at 342.75, the Standard & Poor's 500 composite went up 6.52 to 640.02, and the NASDAQ composite index was at 1,078.83, up15.10. In London, gold finished...