Word: dows
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Dates: during 1950-1959
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After making no headway at all for a week, the Dow-Jones industrial average last week tumbled more than six points before steadying (closing figure: 419.57, off 4.27). Such war-baby aircraft stocks as Boeing, Douglas, Lockheed and Northrop have dropped as much as 35% from their 1955 highs. In the back of every investor's mind lie some nagging questions.. What would happen to the U.S. economy in the unlikely event of real peace breaking out? What would another sharp cut in defense spending mean to the various segments of industry...
Wall Street was just as bullish. The stock market usually declines around income-tax time as investors sell securities to pay their taxes. But last week the market rose every day. The Dow-Jones industrial average hit 425-25, up 7.25 points for the week and 5.77 points above the previous bull-market high in March...
...companies such as General Motors, Continental Oil, Dow Chemical and Coca-Cola added the new planes to their transport fleets. More important, hundreds of small and medium-sized businessmen discovered that they could afford to fly. With four people in a plane, seat costs dropped as low as 5? per mile (v. 5? for scheduled airliners). The added savings in time and energy getting to remote spots was incalculable. Lumbermen bought planes to appraise mountain tracts more easily; ranchers used them for aerial roundups; construction men, uranium hunters, salesmen, all took...
...year ago for furniture. Sales were also up. The nation's department-store sales outstripped the same 1954 week by 14%. Wages were at a peak; the average U.S. worker with three dependents took home $69.17 weekly, 55? more than ever before in history. In Wall Street the Dow-Jones industrial average, reacting to the news, recorded the second sharpest rise of the year, recovered more than 75% of its mid-March loss...
...railroads, steels, oils, motors. By week's end blue-chip losses ran to 3⅜ points for U.S. Steel (76½), 5⅞ for Jersey Standard (110), 4¼ for American Telephone & Telegraph (179¼), 5⅛ for General Motors (92⅞). In five days the Dow-Jones industrial average dropped 19 points, to 401.08-lower than where it started the year...