Word: dows
(lookup in dictionary)
(lookup stats)
Dates: during 1950-1959
Sort By: most recent first
(reverse)
DURING the first years of the great Bull Market rise, many U.S. investors "played the averages." They bought blue-chip stocks used to compute stock averages, notably those in the Dow-Jones average, and made money because it was a blue-chip market in which the leaders rose fastest. But in 1956, playing the averages did not pay off; the blue chips backed and filled all year long. Last week, in the first days of 1957, almost every Wall Street commentator was warning investors to beware the averages this year; playing them would not pay. Blue-chip prices...
...Wall Street's professionals, they can mislead amateur investors into buying or selling at the wrong time. Many investors seldom bother to learn how the averages are compiled; nor are they aware of what they really mean. Investors, for example, often talk of a "$6 rise" on the Dow-Jones industrial average. Actually, the Dow-Jones is not a dollar average at all, but a point average. Dow statisticians calculate it by totaling the per-share value of 30 prime industrial stocks (among them: Du Pont, General Motors, General Electric, U.S. Steel), then dividing the sum by a "constant...
...result, many Wall Streeters feel that unwary investors can get a highly exaggerated picture of market movements by following Dow-Jones too closely. Furthermore, they emphasize that Dow-Jones bases all its calculations on the value of just one share of stock in each of its 30 companies, without regard to size or importance. Thus, Bethlehem Steel, selling at $192, carries almost three times the weight of U.S. Steel (selling price: $71) and four times the weight of General Motors (price: $43), both of which are much bigger companies...
...billion v. $11.2 billion in 1955, they were still only 60% of profits compared to the 75% that corporations consider the normal payout to stockholders. As one result, Wall Street's bull market did not reflect the boom. It climbed to a high of 521.05 on the Dow-Jones industrial average in April, then slipped back 50 points, and at year's end was just about where it started...
Encouraged by the fading Suez crisis, the stock market last week scored the biggest week's gain since 1938, with industrials soaring 22.01 points on the Dow-Jones average to close at 494.79. Across the board, a pre-Christmas surge of business sent old records falling. The Commerce Department reported manufacturers' sales at a new high of $30.1 billion in October, $1.6 billion better than the previous record of last March; new orders rose to $29.5 billion, $300 million above last August's previous high. Personal income also set records: after topping previous peaks for two straight...