Word: dows
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Dates: during 1990-1999
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...More than a number The Dow remains strong, but it's the exception: Friday's Fortune Business Report...
...Investors who were hoping for a follow-up to Thursday's convincing rally were disappointed Friday as strong blue chips parted ways from the broader market, which closed lower. The Dow jumped a respectable 54 points to close at 7881 but the NASDAQ fell six points and the small-cap Russell 2000 finished down a fraction...
...Wall Street Rally After Wednesday's blue chips-only rise of 74 points -- with barely any broad market participation -- equities caught fire on Thursday as everything from tech to drugs, Nasdaq small caps to big-board behemoths all caught fire. The Dow rose 101.8 points to finish above...
...right. That morning, the Dow was down an additional 190 points, but that proved to be a bottom. By 11 a.m., Peter Mancuso, floor manager and senior partner at Buttonwood Specialists, was on a roll. "All I hear is buy, buy, buy. It is unbelievable," he exclaimed. The excitement on the floor was uncontrollable. One floor trader shouted at a reporter, "Get out of my way. You're costing me money...
...believed about the never tested market collars designed to let the market--and buyers in particular--catch their breath. Of course, we had never had to use the collars, so who knew? Didn't take long to find out. Traders used these anachronisms, put in when the Dow traded at one-fifth its current valuation, to figure out what to sell. The halt was spooky, flushing sellers from the woodwork when the market reopened. We must have lost 100 points in the time it takes for a bomb to drop from...