Word: dows
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Dates: during 1950-1959
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...last week from the August slump brought on by the first alarm over the Suez crisis and the Federal Reserve Board's damping down of credit (TIME, Sept. 3). As investors began to pay more heed to good news at home rather than bad news from abroad, the Dow-Jones industrials jumped 5.62 points in the first trading session after Labor Day, one of the biggest gains in months. Wall Streeters took the upswing as a bright omen: the market after Labor Day has often forecast the trend for months to come; e.g., the wartime bull market ended...
...corporate bonds prompted would-be borrowers to postpone new issues; low-interest (3%), 40-year Government bonds sagged in value. While higher interest rates had been partially anticipated on the stock market, stocks dropped to the lowest point in seven weeks, then rallied at week's end. The Dow-Jon'es industrial average closed at 507.91, off 7.88 points for the week...
...business outlook was most eloquently reflected by the stock market. Rallying from the decline that followed Colonel Nasser's seizure of the Suez Canal, the market hovered at record levels last week. The Dow-Jones industrial average closed at 517.38, only 3.7 points off last April's alltime peak...
...industry shut down, there seemed little cheer for Wall Street's traders; yet they scrambled to buy. Along with steels, oil and aircraft stocks pushed higher, and the 1956 bull market went up on three of the four trading days. By week's end the Dow-Jones industrial average stood at 504.14. The rise of 11.36 points in the week put the market at the highest level since early May and well within striking distance of the alltime 521.05 high in April...
...Commerce Department raised its estimate of total construction spending this year, forecast a new high of $44.5 billion, $1.5 billion higher than in '55. Paced by aircraft and motor issues, the stock market also continued to edge up; the Dow-Jones industrial average ended the week at 487.?95, nearly 20 points above the low of the ileitis break...