Word: dows
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Dates: during 1950-1959
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Last week the Federal Reserve reported that industrial production fell in May for the third straight month. Stocks suffered their biggest fall in five months, ended the week at 500, off eleven points on the Dow-Jones industrial average. Latest figures show a drop in new orders for durable goods and in average weekly hours worked in manufacturing...
...President vomited three times. At 7, he received a glucose and saline solution intravenously to restore body liquids. But electrocardiograms showed no recurrence of his heart trouble, and medical specialists satisfied themselves that his ileitis was not kicking up again. At the first EISENHOWER STRICKEN headlines, the Dow-Jones stock averages tumbled 4.91 points in an hour, but increasingly optimistic medical bulletins soon had Wall Street-and everybody else-feeling better. Major John Eisenhower, driving to Florida for a vacation, was told it would be all right to keep going. White House Staff Chief Sherman Adams, visiting in Vermont...
...stock market at the news of President Eisenhower's stomach upset last week (see NATIONAL AFFAIRS) lasted no longer than the President's brief illness. The first sketchy reports touched off a brief, orderly selling wave: the Exchange ticker ran late, and stocks on the Dow-Jones industrial average slipped 4.91 points in an hour. But when the White House issued a reassuring bulletin, stocks turned quickly around, made up all but a 1.87-point fraction of the day's loss, then climbed steadily higher on each successive day. At week's end the average stood...
Down with Pessimism. With the interest rate on new bond issues skittering upward, the market for old bonds with a lower coupon rate inevitably sagged to new lows. The Dow-Jones bond average of 40 representative rails, utilities and industrials dropped to 88.14% of face value, the lowest since 1942. The drop wiped out the gains since last winter, when for a short time bond prices seemed to have reached the bottom and started upward (TIME...
...investors to get out of the stock market and seek the security of bonds and their guaranteed return. This made money easier to borrow, helped check the rise in interest rates. But the return of confidence and the recovery in the stock market checked the shift; even though the Dow-Jones index of the yields on top bonds was about 4.40% v. 4.50% for the blue chips, many investors no longer cared. They were interested less in yields than in the capital gains of growth stocks...