Word: dows
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Dates: during 1950-1959
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...again left the high-speed ticker behind, National Steel gained 5¼ points (to a new high of 84), U.S. Steel picked up 4⅝ (to 944), Bethlehem, Armco and Youngstown all ran higher. And with them went the market. By week's end, shares on the Dow-Jones industrial average had gained 14.24 points to reach a new peak: 602.21, and a level nearly 40% higher than the recession low of 16 months...
...reception, because Government bond yields are now bumping against the top legal limit of 4¼%. As the bond market, led by Government issues, drifted downward, the "spread" between bond and stock yields grew still larger; highest-grade corporate bonds now yield an average 4.2% v. 3.3% for the Dow-Jones industrials. Rarely in the past 50 years have stocks yielded less than bonds for any length of time except in 1927-29, when the rising stock market kept stock yields under bonds for almost three years. With rising interest rates and the bull market, Wall Streeters see no early...
...Stuart Hughes, professor of History, has been elected Chairman of the Faculty Committee on Degrees in History and Literature. He replaces Sterling Dow, John E. Hudson Professor of Archaeology...
...happy blend of year-end confidence and year-opening optimism brought a new high for the stock market last week. When the closing gong ended trading on Dec. 31. the Dow-Jones industrial average stood at an alltime record of 583.65. The year's gain in dollar value of the more than 5 billion shares traded on the New York Stock Exchange was the largest in the Big Board's 166-year history, rising to about $275 billion from $196 billion at the end of 1957. Stock Exchange transactions totaled 747,058,306, the largest volume since...
Other industries also found signs of increasing sales. The National Electrical Manufacturers Association predicted a reversal in the three-year slide in appliances, expects '59 sales to be 4% greater than '58. The New York Stock Exchange reflected the optimism; the Dow-Jones industrial average climbed to 572.73, within .44 of its alltime high...