Word: dows
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Dates: during 1950-1959
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...opening day of trading on the New York Stock Exchange, industrials continued their rise to record highs, and utilities touched their highest since Sept. 23, 1930; three times the tape fell behind. Next day the market turned right around and headed down, falling 4.23 points on the Dow-Jones industrial average. Not since President Eisenhower's heart attack in September 1955 had the market seen such heavy trading. As 5,110,000 shares changed hands, the tape fell behind seven times, once as much as 15 minutes, for the greatest number of late tapes since the Exchange began...
CHEMICALS Monsanto $8.0 $8.8 Dow 11.1 14.1 Allied...
Such news sent steel stocks soaring on the New York Exchange, helped lead the whole market by week's end to a new alltime high of 543.36 on the Dow-Jones industrial average. U.S. Steel rose 4⅛ during the week to 84½. Bethlehem 2¼ to 51, Youngstown 6f to 117. Also helping push the market up was a big play in the nonferrous metals market. Copper shares rose up to 9^ points for the week, partly on the strength of copper strikes in Canada, Northern Rhodesia and New Mexico. Zinc and aluminum stocks also rose...
...slightly ahead of August 1957; the New York Central squeaked into the black by $274,777. Western roads showed their highest earnings of the year; Southern Pacific's August earnings of $5,200,000 topped August 1957 by $528,000. Reflecting the improved earnings picture, the Dow Jones rail average on the New York Stock Exchange climbed to a 1958 high of 141.80, helped pace the industrials to another alltime high...
...single argument most widely used by the bears is simply the high price of stocks. In spite of a second quarter pickup in earnings, the stocks in the Dow Jones industrials average are now selling at more than 18 times earnings, v. 7.5 times earnings in 1949, 10.2 in 1953, and 12 times earnings at the bottom of the decline last October. But few security analysts are willing to "argue with the tape." i.e., what the market has done in the face of falling profits. As the market has picked up steam, more and more of them have become bullish...