Word: dows
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Dates: during 1990-1999
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...many analysts, the drop was notable because the Dow has now fallen 13.3 percent from its Aug. 6 record high of 8,259.31, its first downturn of at least 10 percent in seven years, the longest such streak since the 1960s...
Stocks started the day lower as another sharp sell-off in Hong Kong triggered another wave of selling in financial markets around the globe, but the selling didn't pick up steam in the United States until yesterday afternoon. The Dow, for example, was down just 115 points at midday. midday...
...YORK: After trading at record volume and posting record gains, the Dow closed up 337 points Tuesday, retracing more than 60 percent of yesterday's record-setting slide. It may have happened because America's biggest cash-holders took matters into their own hands. "A lot of people are saying that IBM chairman Lou Gerstner saved the market (with this morning's $3.5 billion stock buyback)" says Fortune Magazine's Nelson Schwartz, "And they might be right. Investors love it--it shows that the company has both confidence in its stock and a lot of cash, and it insures that...
...nice effect on a company's balance sheet as well: soon after CNBC reported that Intel had decided to join the buyback parade with a "major" stock repurchase, the stock had shot up ten points, and the Dow accelerated its own meteoric rise, quickly setting more records well over the 300-point mark. "Only in the U.S.," said Schwartz. "Business like IBM and Intel, like Microsoft, are sitting on such vast reserves of cash that they can exert this kind of boost on an entire market...
...Tuesday's record-setting stampede (an unprecedented 1 billion shares changed hands) may have cheated investors out of a real correction in a vastly overvalued market, and that the Dow is not done shivering yet. "This was a bad joke on the small investor," TIME Wall Street columnist Daniel Kadlec insisted. "It blindly reinforces the notion that buying on the dips is infallible--and that won't last forever. Today's rally was a reprieve, a second chance to shift your balance out of stocks somewhat because eventually, there will be a real correction...