Word: dows
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Dates: during 1990-1999
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...most dramatic effect is on Wall Street, where the Dow Jones industrial average hit new highs in back-to-back sessions last week as consumers, with increasing boldness, shifted their cash from low-yielding bank deposits into stocks and bonds. The Dow closed at 3640.63, up 25.15 points for the week. At the same time, buyers stampeded to buy long-term bonds in order to lock in rates before they fall any further. Nor were U.S. investors on a solitary binge: hopes for a fall in European loan rates pushed stock exchanges in London and Paris to new highs last...
This stampede into the risky world of stocks has only heightened concern that the market may soon come tumbling down. Never far from bearish minds is the 1987 crash, which saw the Dow Jones industrial average plunge 508 points on Black Monday. Even more frightening was the more recent, and more devastating, collapse of the Japanese stock market that began in 1990, when the bloated Nikkei average plummeted from nearly 39,000 to less than 15,000 in 2 1/2 years. Then there are recollections of the Great Crash itself, which have become part of America's memory. "People start...
...CAPTION: DOW JONES INDUSTRIALS...
...this year, the company said it had to meet the challenge of discount and generic brands. Fears of a price war prompted Wall Street to dump tobacco stocks. Philip Morris shares plunged $14.75, to $49.38, and since the company is among the 30 firms whose stocks are in the Dow Jones Industrial Average, that bellwether index plummeted. A weak bond market and news that the unemployment rate remained at 7% in March helped intensify the rout on the Big Board. The Dow was down nearly 69 points on the day, to close...
...defended Merrell Dow in a dispute over the linkage of the drug Bendectin, which it once manufactured, and birth defects in babies of women who took the drug while pregnant...