Word: dows
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Dates: during 1950-1959
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...wave of good news pushed Southern Railway and Delaware and Hudson to new highs for the year. At week's end, the Dow-Jones railroad index rose to 167.83, highest point since...
Inevitably, with the market some 25% above the 1929 peak on the Dow-Jones industrial average, there are comparisons to '29-and the disaster that overtook small (as well as big) investors. But there is as little resemblance between the '55 and '29 markets as there is between the dynamic expansion of the American economy in 1955 and the static economy of 1929, when more and more stocks were floated on the same productive base. Furthermore, most of the rules of the game are different...
...earnings because it is used for fast tax amortization. General Motors' cash flow in 1954 was $11.72 per share v. $0.08 reported as net profit; U.S. Steel's $8.19 against the net of $6.45. Overall for 1954 cash-flow earnings for the stocks in the Dow-Jones industrial average were more than 50% higher than reported earnings...
...stock market, spurred by news that Standard Oil (New Jersey), the world's No. 1 oil company, planned a 3 for 1 stock split, surged out of its doldrums, wiping out October's losses. The Dow Jones Industrial Average made its largest weekly gain since...
...along Wall Street last week, the bulls were tossing their horns. The market went up for five straight days. The Dow-Jones industrial average climbed almost 14 points to close at 458.47, well above the low point reached in the drop caused by President Eisenhower's heart attack; rails went up 2.98 to 151.45, while utilities edged up 1.03 points to 62.51. Though investors were still cautious, the reason for the optimism was not hard to find. From dozens of companies came record third-quarter earnings reports...