Word: dows
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Dates: during 1930-1939
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...earnings ($3,822,927) were up a whopping 2.443% from the second quarter of 1938. Bethlehem's common stock greeted this by dropping half a point and the stock market as a whole by backing away from the peak it stopped at two weeks ago (144.71 on the Dow Jones average of 30 industrials...
...this same week business' most sensitive barometer-the stockmarket as mirrored in the Dow-Jones industrial averages-enthusiastic over prospects for the second half of 1939, dashed off a sensational 6.1-point rise, reached its highest point since March (144.7 against 152.3 then). For the first week in six months the New York Stock Exchange had four 1,000,000 share days. All listed shares rose some two billions...
Last week, Wall Street noted that power production for the week ending July 1 was 14% ahead of last year and slightly ahead of 1937, added this to Bond & Share-New Deal good-will and the chances of more SEC-holding company deals. Result: the Dow-Jones average of 15 utility stocks rose for eleven consecutive days, making the second quarter of 1939 look like a straight line advance for at least this group...
...that walked away from the steel stocks and left them right where (some below) the last bear market had flung them. Last week the market ended its sorriest month in 18 years (11,967,390 shares traded), was slipping back toward depressed steels: after the rail stocks failed to Dow-confirm June 10's industrial high of 140.14 (TIME, June 26), the industrials had fallen more than 10 points...
...waiting till its owners got over speculating on economic trends. Three weeks ago some of the speculators made up their minds and the stockmarket moved tentatively upward without encouragement from industrial production. Last week the market slowly worked its way up past a minor "resistance point"-140 on. the Dow Jones industrial averages (1938 high 158.41; low 98.95)-waited for the sluggish railroad averages to "confirm" by rising from...