Word: dows
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Dates: during 1940-1949
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...announcement of Air Force and Navy orders (see Aviation)-pushed the bull market to a new high. The parade was led by oil and aircraft stocks, notably Grumman, which felt prosperous enough to declare a 100% stock distribution (the stock rose five points in two days). The Dow-Jones industrial average...
...York Stock Exchange, the Dow-Jones industrial averages last week edged up to a high of 191.32, best since Aug. 26, 1946. Then they worried off a shade or two. After such a fast climb as they made in May (180.28 to 191.06), a spell of backing & filling was to be expected. Many Dow theorists even expected a substantial "correction...
...some respects, the Dow-Jones averages-which record the rise & fall of 65 (out of 1,398) stocks on the Big Board-did not show the true strength of the baby bull market. Day after day last week, scores of stocks hit new highs for 1947-48 and stayed there. The booming oils had even passed their 1929 peak...
...accurate, notably in the last two years. Back in 1937, the market fall was far worse than the drop in production; since 1942, the market has been much lower-in comparison with the gross national product-than it was even in the dark days of 1932 (see chart). The Dow-Jones industrials, now earning even more ($20 a share) than they did in 1929, are selling for only half as much...
Wall Street's baby bull market grew a bit more last week. The Dow-Jones industrial average moved up 1.06 points to 191.06, the highest in 19 months. By week's end the market had slipped back a bit, to 190.74. But there was no hesitation in the rest of the economy...