Word: dows
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Dates: during 1990-1999
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...YORK: For the Russian economy, it's all over but the doomsday, and that's what traders prepared for Thursday by pushing the Dow down 257 points -- and the NASDAQ 81 -- by the close of trading. "The Russian economy is in total collapse," says TIME business reporter Bernard Baumohl, "and although U.S. traders have very little direct exposure to it, they're very nervous about what could happen to Europe, Asia and Latin America if the political system goes with...
...seems illogical that a group of money sharps acting half a world away could have any effect on the seemingly bulletproof U.S. economy. But the stock market's swoon--the Dow industrial index was off some 450 points in the past two weeks--is directly linked to the deepening trouble in Asia, which represents only 30% of American exports but about 100% of American worries. Cheaper Asian goods, made possible by currency devaluations, have caused the U.S. trade deficit to balloon: America is buying more from the Pacific rim and selling less. While that's good for companies like...
...week high, and the average stock on the New York Stock Exchange was down 30%, according to Salomon Smith Barney. The average decline in stocks of very small companies (market value under $250 million) was a staggering 47%. Those are major losses, masked by the more visible Dow decline of just less than...
...YORK: The markets generally love a little U.S. agression -- it makes oil prices go up. So how to explain the Dow's 250-point plunge Friday? FORTUNE Wall Street writer Bethany McLean says that traders just have too many other things to worry about. "There's a rumor that Venezuela might devalue. Russia looks even shakier today. German banks were battered last night because of their exposure to Russia, and another Japanese bank went under," she says. "There are just too many worries today that the whole crisis is snowballing...
...YORK: Could Wall Street be so gullible as to think this long national nightmare could be ended with a 4-minute half-apology? It seems so; the rally that began Monday with the President's testimony only picked up steam the morning after his terse speech, with the Dow rising almost 140 points by closing. TIME Wall Street columnist Daniel Kadlec thinks investors are kidding themselves...