Word: dows
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Dates: during 1950-1959
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...after Holland fell to the Germans. Just as prices began to ease, the Air Force announced a 50% rise in missile spending for fiscal 1959, and the market took off again. Led by air-crafts, it advanced steadily in all groups, ended the day at 439.35 on the Dow-Jones industrial average, up 11.41 points for a $4.2 billion gain in the market value of all stocks. It was the market's second best day of the year, topped only by the spectacular Oct. 23 rise of 17.34 points...
...stock market. With bond prices depressed, bond yields for the past year have been running at the highest levels since the Depression days of the 1930s, and consequently closer to stock yields. (Last week the average yield on high-grade corporate bonds was 4.8% v. 5.9% for the Dow-Jones industrials.) Since stocks are inherently more risky, many investors switched to bonds or did not invest at all. But bond dealers now think that the Fed's action has established a firm bottom for the bond market, and that bond prices will edge up, widening the spread between stock...
...stock market had also hit bottom when it closed off at 419.79 on Oct. 22 was any expert's guess. Wall Street was still filled with bears who considered the stock rally only temporary, to be followed by a further decline to 400 or 380 on the Dow-Jones average. They talked of "technical factors," deterioration in investor confidence, and a downturn in business, disregarded plans for bigger defense spending and the chances of an unbalanced budget next year (see NATIONAL AFFAIRS). Just as it took a long time for the market's optimism to turn to pessimism...
...notable example was the stock market, which started out strong, bouncing up 8.30 points to 441.04 on the Dow-Jones industrials average. But as the week progressed, a new report on railroad freight-car loadings showed a sharp drop to 703,688 cars for the week or 13.8% below 1956 levels; loadings of grain, ore and manufactured goods were all down. What worried Wall Streeters was the fact that freight-car loadings normally increase until the end of October, then fall off steadily until year's end. This year the decline started several weeks early, due largely, according...
...Thursday, overcame an early selling surge Friday to close at 435.15. For the first time since January 1955, the market had experienced four 4,000,000-plus volume days. Despite the attrition of the early week, its aggregate value rose about $1.2 billion for the week, and the Dow-Jones average gained 1.32 points. Significantly, institutional buyers and mutual funds held fast during the market's gyrations, steadily bought up stocks-often at bargain prices...