Word: dows
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Dates: during 1990-1999
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Ever since the Dow Jones industrial average topped 7000 for the first time two weeks ago, investors like Marie Kordus have become increasingly scared to look down. You could call it verti-Dow. "I try not to watch the market every day because it will make me crazy and I'm afraid I'll make the wrong decisions," says Kordus, 41, who runs a hip-hop radio station in Los Angeles and has built a portfolio of stocks that have jumped about 25% in value in the past two years...
...YORK: When Alan Greenspan speaks, people listen. Especially on Wall Street, where his latest pronouncement at a Senate Banking Committee meeting this morning sent the Dow plunging by more than 100 points before it settled to a loss for 61 1/2 for the day. Greenspan, who rocked markets in December with a comment about the ?irrational exhuberance? among investors that was driving stock prices high, told the Senate Wednesday that the recent upward run of the stock market poses an inflationary threat. When he added that the Fed would not rule out raising short-term interest rates in an effort...
True to Wall Street form, the new titans are exploiting their influence. Mutual-fund manager Michael Price actively pushes for change at companies--Dow Jones is a recent target--in order to improve their laggard stock prices. Meanwhile, the California Public Employees' Retirement System (CalPERS), the nation's largest pension fund with a mountainous $108 billion under management, each year flaunts a list of losers it owns to try to embarrass CEOs into remedial action. CalPERS and other managers--be they of mutual funds or public or private pension funds--have generally wielded their clout for the good...
...DOW LIFTS SOME SPIRITS...
...YORK CITY: Another day, another record high for the Dow, which for the first time Thursday finished above 7,000. Just four months after topping 6,000, the 30-stock average finished the day at 7,022.44, up 60.81 points. The good news spilled over into other markets as well: The Standard & Poor's 500 and the New York Stock Exchange composite index both set new records. Can anything stop this expansion? The economy is continues to grow at a moderate rate, keeping inflation and interest rates low. As a result, investors continue to pour money into mutual funds: Stock...