Word: dows
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Dates: during 1990-1999
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...Dow takes a dip . . . More
...last week something gave. Led by Hong Kong, stocks in Asia careened lower, and the U.S. market decided to join the act. The Dow Jones industrial average skidded 319 points Thursday and Friday. Without warning, U.S. investors collectively asserted that problems in Asia are tolerable up to a point--but maybe that point has been reached. If so, any further carnage in Asia's tigers, or a spillover to Japan and China, could lay waste our roaring bull market...
...once an abstraction to most people, had shown up front and center to deliver the bad news. Investors, fearing that the earnings of large U.S. companies exposed to Asia would suffer, began to sell. On Thursday the market dropped 186.88 points. On Friday, while the Hang Seng recovered, the Dow fell an additional 132.36 points, unable to take comfort in the good news. In New York City, out-of-favor issues ranged from big airlines with Pacific routes, like American and United, to consumer-product companies like Coca-Cola. Semiconductor stocks took a beating, along with high-tech giants like...
...news was good enough to help break the follow-the-leader pattern of the world's stock markets today. Despite the Dow Industrial's 125-point slide on Wednesday, Hong Kong's Hang Seng index climbed a solid 260.92 points, to 10,623.78, today, or about 2.52%. In Japan, the Nikkei 225 was up 94 points, to 16,458.94. Australia and New Zealand also were up. In Indonesia, the Jakarta Composite was down slightly as traders waited for details on the restrictions imposed by the aid package, including what the New York Times called "wide-ranging austerity measures...
...like puppies in a pet store window, the Streeters below were on their best capitalism-is-good-clean-fun behavior: the Dow closed up 60 after a particularly unexciting session. Try it, Jiang. Maybe you'll like...