Word: dows
(lookup in dictionary)
(lookup stats)
Dates: during 1990-1999
Sort By: most recent first
(reverse)
Well, now even that density has been penetrated. The Dow Jones industrial average fell a pulse-quickening 608 points (8.6%) at its low, after peaking at 7085 on March 11. And that doesn't come close to describing the anguish out there. Technology stocks are in a full-fledged bear market. They peaked last summer, and a whole batch of them are down 60% or more, including such one-time darlings as Intuit and Iomega. Merrill Lynch reports that 47% of all stocks selling over $5 have fallen at least 20%. The worst is over, you think? That...
...YORK: After a fifth straight day on the slippery slope, the Dow Jones Industrial Average stands at 6,477.35, down 8.6 percent from its 7,085.16 high of March 11. It's not a bear market yet. But it doesn't look good. "I think we're in trouble," says TIME's Daniel Kadlec. "Usually during a downturn, people are tempted to buy, but this time they're afraid to step up." Right now, the reason for that fear is Friday's employment report. An unexpectedly high number, enough to spur Alan Greenspan to raise interest rates again, could send...
...YORK: For three days of the Easter weekend, the stock market gauge had been frozen at 140 below. No sooner did the markets reopen Monday than traders lopped another 157.11 points from the Dow, for the sixth-largest drop in stock market history and the heaviest two-day loss since the Crash of 87. And yet . . . the market is nearly three times as high as it was then, and even the bracing plunges of the last two trading days comprised only a 4.3 percent drop in values, where the 508-point drop of October 19,1987 represented a 22.6 percent...
...news has been anything but good this year for Dow Jones & Co., owner of the Wall Street Journal, among other media properties. First, a small but determined group of stockholders, including some of the family that controls the company's voting shares, raised a ruckus about its weak performance, particularly at its Telerate unit. Then last week the company's star attraction, the Journal, got whacked with a $223 million libel judgment, the largest ever, courtesy of a Houston jury. The panel found the paper and one of its reporters, Laura Jereski, had libeled the investment firm MMAR Group...
...affirmed, it would totally change the journalistic and legal landscape," First Amendment lawyer Floyd Abrams told the Journal. Dow Jones has $45 million in libel coverage for this case. Because libel law puts a heavy burden of proof on the accuser, most awards are reduced or thrown out on appeal, and the Journal is hoping that pattern holds. "We were chronicling the difficulties of this company; we did not cause them," managing editor Paul Steiger said in a statement...