Word: dows
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Dates: during 1950-1959
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...stock market, after a sharp one-day tumble, found solid ground, rose for four days running. The Dow-Jones industrial average closed the week at 395.90, only a fraction below the week before. Among the leaders: Douglas Aircraft Co., which rose more than ten points to 134¾ on the strength of cash dividends totaling $1.50 and a 3-for-2 stock split...
...only two days before had hit a new high of 107⅜ on rumors of a stock split, and then lost seven points when the rumor proved false,* dropped another 3⅝. General Electric lost two points, to 48; Du Pont was off 3⅛, to 167⅛. The Dow-Jones industrial average, which was at a new high at week's beginning, cracked 8.93 points...
...opening next day, the battering continued. Again the tape fell behind as sell orders were touched off all over the nation. Volume hit 5,300,000 shares, biggest since four days after World War II started. Later in the day the market steadied; the maximum lost in the Dow-Jones industrials was cut from more than seven points...
...list. The most spectacular gains were made by the railroads, which were cashing in on the business upswing; they had their best day in 21 years. New York Central was up 3⅛ points for the week, to 36⅝; Pennsy was up ¾, to 24½. The Dow-Jones rail average soared 4.03 points in one day, to 144.34; the industrials rose 3.71 points, closed at 395.6 for a week's loss of 13.29 points...
...They bought for the long term, well aware that an investor who had bought stocks even at the 1929 peak-and held on through depression and wars-would by now have had a 37% profit in General Electric, an 87% profit in Sears, Roebuck, an 800% profit in Dow Chemical. As one Wall Streeter said, "The big boys aren't looking at the Dow-Jones...