Word: dows
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Dates: during 1990-1999
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...average closed at 30,372 last week, down 6.9% for the week and 22% from the all-time high it reached last Dec. 29. In a fit of near panic last Thursday, the market plunged 6% in just one morning session -- equivalent to a 162-point drop in the Dow Jones average -- before recovering later in the day to post an overall 3% loss. "We knew it had to come sooner or later. Many of us just stood there blankly," said a floor dealer. Another market watcher described it as a "bottomless swamp." The market edged upward on Friday...
...case of nerves has been confined mostly to Tokyo, but the anxiety could prove contagious; in the interconnected global economy, a downturn in Japan would tend to drag down other countries as well. On Wall Street, the Dow Jones average fell 37 points last week, to close at 2704.28, reflecting concern that bearish Japanese investors could pull back on their U.S. holdings. The Japanese Finance Minister, Ryutaro Hashimoto, declared on Friday that he was "extremely concerned" about the drop of the Tokyo market and the yen, which has fallen 7% against the dollar since mid-February. At week...
...sports nut: the National, the first U.S. all-sports daily. The paper, to be published every day but Saturday, will feature 32 to 48 pages of news, opinion and gossip, with up to half the pages in color. Satellites will enable the National to cover late games, while Dow Jones, parent of the Wall Street Journal, will provide a proven distribution system...
Spooked by a burst of inflation at home and worrisome economic signals abroad, the stock market suffered an anxiety attack last week. On Friday the Dow Jones industrial average plunged 71.46 points, the largest single-day decline since the 190-point minicrash on Friday, Oct. 13. Last week's loss sent the Dow to 2689.21, down 84.04 for the week...
...American firms average 40% of their sales outside the country. This year's three biggest drug-company mergers all involved U.S. companies. Bristol-Myers (1988 sales: $6 billion) joined Squibb of Princeton, N.J. ($2.6 billion); Philadelphia's SmithKline Beckman ($3 billion) merged with Britain's Beecham ($3 billion); Merrell Dow ($1.3 billion) of Midland, Mich., merged with Marion Labs ($752 million) of Kansas City. "Pharmaceuticals is the one industry in which the U.S. firms are the biggest and growing the fastest," says Jay Silverman, a health-care analyst at the Nomura Research Institute in New York City...