Word: dows
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Dates: during 1950-1959
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...goods producers fell 46.1%, with primary metals and metal products (down 54%) and auto companies (down 52.2%) taking the worst licking. Yet once again Wall Street was busy looking ahead instead of backwards. With steady rises in most important groups, the stock market climbed another 5.17 points on the Dow-Jones industrial average to new high ground for the year at 474.77, just a little better than midway between the boom-time high and the recession...
...stock market, which has been going up while business went down, last week hit a new high for 1958. Five days of heavy trading put stocks on the Dow-Jones industrial average up seven points to 469.60, the highest level since September and a good 50 points above the recession low set last October. Spurred on by the good steel news, U.S. Steel, Bethlehem and Republic rose. Lower gasoline stocks and the prospect of stiffer curbs shoved the depressed oils ahead. Even the troubled railroads, which have had precious little to toot about this year, built up some steam. With...
Ironically, the A.P. beat the U.P.I, on its own birthday story. Picking up the news from the Dow Jones wire, the A.P. moved the story a full 19 hours 7 minutes before its new rival owned up to its existence...
Wall Street, which has long since discounted much of the bad news, put on a buying spurt. Led by steels, rails, oils and aircraft, stocks on the Dow-Jones industrial average climbed two points higher during the week to hit a new high for the year at 462.56, nearly 43 points better than the recession low of last October. Poor earnings were easily shrugged off. At the annual meeting of Radio Corp. of America, President John L. Burns gave 1,275 stockholders of the world's biggest electronics company the bad news about a 29.7% first-quarter decline...
With a show of independence from the tribulations of the economy, the stock market last week climbed to a new high for the year, closing the week at 459.56 on the Dow-Jones industrial average, up 5 points for the week and 23 points above the year's low. The market was boosted by those who kept their eyes on a bright future, rather than the grey present...