Word: dows
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Dates: during 1950-1959
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After sliding gently downhill for months, Wall Street's stock market went out for a short, whistling toboggan ride last week. It shot down to 454.82 on the Dow-Jones industrial average, almost 70 points below the bull-market peak set last April...
Next day the market turned right around, climbed 7.32 points to make up more than half of the loss, followed it up with another burst of buying later in the week to wipe out the last of the damage. The final Dow-Jones figure: 468.07, or 1.78 points higher than where it started...
...boom-and-bust warnings of Secretary of the Treasury Humphrey and ex-President Hoover (see NATIONAL AFFAIRS) helped start a selling wave that sent the Dow-Jones industrial average tumbling 7.23 points (to 469.96) for the widest single-day break in eight months. The market rallied Wednesday, until a selling surge was set off by President Eisenhower's warning that the Government might have to impose wage and price controls. By that time not even Secretary of Commerce Weeks's prompt assurance that no controls were planned was enough to stop the downtrend. Next day the market dropped...
...Dow-Jones industrial average fell...
...rise along Mississippi River 30 miles upstream from New Orleans. William Zeckendorf's Webb & Knapp is break ing ground for $120 million townsite for 4,000 families, expects to finish first houses by July. Another $200 million will be invested in new plants there by Olin Revere Metals, Dow Chemical Co., Wyandotte Chemicals Corp., Kaiser Aluminum Corp...