Word: dows
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Dates: during 1990-1999
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...stock a day without blinking? At one time, I would have laughed if you had even contemplated such a thing. You couldn't match my access to conference calls, information or quick brokers. You couldn't afford the $1,500 a month you'd need for a Reuters, Dow Jones or Bloomberg wire...
...measure, at 1.1 percent. Boom! Corporate profits and housing starts are both headed up again, and the all-important drunken-sailor index -- consumer spending, which accounts for two-thirds of U.S. economic activity -- rose at an annual rate of 6.8 percent, the highest in 11 years. Bust! The Dow drops 267 points, taking plenty of Nasdaq e-stocks with it, and Wall Street is pocked with potholes once again. What's going...
...about inflation again, no matter how low it seems to be now," says TIME Wall Street columnist Daniel Kadlec. "And after yesterday's rally, there's a mood that this may be the last chance to get out." But that doesn't fully explain the run on the big Dow industrials, which have lately been favorites in times of trouble. Kadlec thinks some of that can be blamed on the holiday. "There's often a lightening of positions before a long weekend," he says, "so traders can go to their barbecues with a clear head." But that's no guarantee...
...Open Market Committee] did not take action today," the Fed said afterward, "the committee was concerned about the potential for a buildup of inflationary imbalances that could undermine the favorable performance of the economy." Though they couldn't have been surprised, stock marketeers did gulp a little, sending the Dow down 50 points or so after the afternoon announcement. By the end of trading, the Dow had slipped by just over 16 points...
Alan Greenspan is hard enough to understand after he speaks; no wonder that on a Monday sandwiched between an inflation scare and a Fed meeting, the markets were a little queasy. The Dow began slipping steadily at the opening bell, before coming back to a 60-point loss by the close, a middling sell-off predicated on something like general unease. "It's really just uncertainty," says TIME senior economics correspondent Bernard Baumohl. "People are thinking about inflation again, and bond yields are very high -? which makes them suddenly look like a reasonable alternative to stocks if the Fed does...