Word: dows
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Dates: during 1950-1959
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...market again surged to new highs, but it was the best explanation Wall Street had to offer for what has become the most spectacular phenomenon of the 1958 business recovery. On all but one day last week, stocks climbed to new records, closed the week at 564.68 on the Dow-Jones industrial average, up 10.42 for the week to an alltime record.* The Dow-Jones industrial average, most volatile of the averages, and Standard & Poor's index of 500 stocks weeks ago exceeded their alltime highs; last week, at long last, they were followed by a slowpoke...
...while A.T. & T. has gone only from 165 to 200%. Harold Clayton of Hemphill, Noyes calculates that the average would now be at 1830, and other experts figure it at 910. All used different short-cut computations. To get the correct figure, it would be necessary to recompute the Dow-Jones average for every market day since 1939 -a task to challenge Univac...
...Recently I reread your March 24 cover story, "The Recession-How Deep? How Long?", and you deserve an orchid for 20/20 foresight. The stockmarket's action in the last seven months, rising almost 100 points on the Dow-Jones industrial average, has justified your cover captioned "Wall Street Bull: Spring, 1958." Forecasted pickups have likewise occurred in housing, steel and autos-to mention just a few indices -and you are to be commended for your courage in publishing this article when the recession was close to rock bottom. JULIUS M. WESTHEIMER Baltimore...
...stock market, along with the Democrats, swept to new highs last week. The Dow-Jones industrial average rose to a record 554.85, owing partly to some investors' fears of bigger spending and more inflation under the Democratic Congress. But many an investor had other good reasons for buying stocks, such as rising corporate earnings and continued recovery of the U.S. economy...
Commodity prices also rose during the week (the Dow-Jones spot index was up 2.40 points to 160.08, futures up 2.03 to 154.55) on the belief that Congress will boost support prices, causing an increase in overall agricultural prices. But, said Merrill Lynch, Pierce, Fenner & Smith's Commodity Expert Harry B. Anderson: "Last week's rise in commodity indices is only flash-in-the-pan buying. With most grains and raw materials in oversupply, inflationary pressures are not very realistic and will be difficult to sustain...