Word: dows
(lookup in dictionary)
(lookup stats)
Dates: during 1990-1999
Sort By: most recent first
(reverse)
...DOW CHEMICAL RESPONDS
Your article on the silicone-breast-implant trial in Louisiana [LAW, Sept. 1] raised a number of important issues about the role of science in the courtroom, but the use of the word Dow in the article was misleading. Dow Chemical and Dow Corning are separate corporate entities, and Dow Chemical is not the "parent company" of Dow Corning. Rather, Dow Chemical and Corning Inc. are each 50% shareholders in Dow Corning, which formerly made breast implants. Dow Chemical is not now and never has been in the breast-implant business. It is also important to note that the Louisiana...
...Dow rose or fell at least 100 points all five days that week, part of a numbing month-long stretch in which wild price swings have found space on the front page of many business sections. It was more of the same last week. The Dow plunged 133 points Wednesday and was down about that much again Thursday before roaring back 80 points late in the day, and then swinging another 100 plus points on Friday. In absolute terms, there's never been anything like this flurry of 100- and 200-point moves. Even in percentage terms--the thing that...
...thing the gurus do know is that the recent market swings, while unnerving, aren't as historic as they first appear. It's just that the past five years have been an unusually placid period, making the recent action striking by contrast. Daily Dow moves of 1% or 2%, such as we've seen lately, had been sparse since 1991. But before that they were routine. The Chicago-based research firm Logical Information Machines calculates that since 1945 the Dow has risen or fallen at least 1% in a day 2,268 times, or an average of 44 times...
Today's market swings have a different flavor in one respect, though. Lately they have been coming rapid-fire, which may lead to yet another conclusion. The Dow rose or fell at least 1% on seven of 10 consecutive trading days at the end of August. Such strings of volatile trading days have been rare, occurring roughly 20 times since 1950, says Alan Shaw, chief technical analyst at Smith Barney. The clusters have overwhelmingly been closer to the start than the end of long rallies. "It's a wives' tale that this volatility is a precursor of some negative move...