Word: dows
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Dates: during 1990-1999
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...Dow Jones Industrials
...equities. Since 1990, individuals have shifted an estimated $100 billion out of stingy bank CDs into the stock market. More than a quarter of the $120 billion they invested in mutual funds during that period has also ended up in the market. The sudden inflow helped propel the Dow Jones average to new heights last May, when it broke the 3400 barrier for the first time. By propping up the market with their new money, investors like Brown may have prevented or postponed the steep correction that analysts think is probably inevitable...
Lately the market's spasms of insecurity have grown more profound. In a stampede of selling last Monday, the Dow dropped more than 100 points by noon, only to bounce back to a modest 22-point decline for the day. The Dow finished the week down 64 points, at 3136.58, a 240-point decline since mid-September. Many analysts attribute the pessimism to a host of misgivings, including uncertainties about the outcome of the presidential election. Most worrisome has been the prospect of an extremely sluggish economic recovery and the apparent decision by the Federal Reserve Board...
Still, the man for whom the machine is named isn't worried about EJV, Dow Jones or Reuters. They can be outfoxed, he insists. While they are spending heavily to develop futuristic products that incorporate audio with full-motion video, for instance, he plans to introduce this year a lower-cost system using sound and still images. "What frightens me," he says, "is the little guy in the garage I don't even know about right now." In other words, the only thing that scares Bloomberg is the next Michael Bloomberg...
...millions of dollars as the rate slipped below the 1.45 level that has triggered past rescue attempts. This time it hardly helped. By the close of trading in New York Friday, the dollar had recovered only to 1.4290. That, in turn, helped knock more than 50 points off the Dow Jones industrial average at Friday's close...