Word: dowing
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...example, stories on June 27 reported that the Dow was off 34.59 points. The Journal led off its analysis with the following: "Hopes are fading that the Fed will cut short-term rates." The Times chose to focus on the slump in technology issues and the fact that Disney's Pocahontas was not raking in the expected revenues. Then on June 28, USA Today had stocks falling on "trade-war fears," but in the Times, they fell as "market players reacted to conflicting reports on the economy and worried about the direction of interest rates...
...have to feel sorry for the reporters who write these stories day in and day out. They get bored with words like up, down, gain and loss. In only a month's worth of papers, the Dow has galloped and soared; technology stocks have slumped, rallied and lifted; stocks in general have hobbled, languished, dipped, rebounded, treaded water, plummeted, jumped, slipped, surged, barreled, broken through milestones, defied gravity, come down to earth, shrugged off surprises, limped through fitful sessions, taken breathers, run out of gas and staged a wildly mixed performance. (What I wouldn't give to see a wildly...
April 18 (Dow down 12.80): The Times said stocks were brought down by a surge in oil prices following Iraq's refusal to comply with U.N. sanctions. The Journal said they finished lower because "a sell-off in the bond market eroded investors' enthusiasm for first-quarter earnings reports"--an explanation that left this investor totally confused...
April 20 (Dow up 28.36): The Times noted the surge in blue chips, "bolstered by a recovery in the dollar," while the Journal focused on stocks in general, which closed lower in the "wildly mixed performance" described above. The Journal noted two causes: skittishness about inflation, and fickle investors who reacted negatively to positive earnings reports. The dollar didn't come into...
...dramatic stock sell-offdrove the Dow Jones downby more than 130 points today in the most precipitous plunge in almost four years. While the index recovered to a more moderate drop of 57 points by the end of trading, Wall Street watchers feared that today's brief stampede, coming on top of a 50-point retreat yesterday, may indicate that the bulls are losing confidence. Triggered by a sell-off in technology stocks, trading hit the Nasdaq composite index proportionately harder, pushing it down 38 points. Today's drop followed Federal Reserve Chairman Alan Greenspan's upbeat economic report...