Word: dows
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Dates: during 1990-1999
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...example, stories on June 27 reported that the Dow was off 34.59 points. The Journal led off its analysis with the following: "Hopes are fading that the Fed will cut short-term rates." The Times chose to focus on the slump in technology issues and the fact that Disney's Pocahontas was not raking in the expected revenues. Then on June 28, USA Today had stocks falling on "trade-war fears," but in the Times, they fell as "market players reacted to conflicting reports on the economy and worried about the direction of interest rates...
...have to feel sorry for the reporters who write these stories day in and day out. They get bored with words like up, down, gain and loss. In only a month's worth of papers, the Dow has galloped and soared; technology stocks have slumped, rallied and lifted; stocks in general have hobbled, languished, dipped, rebounded, treaded water, plummeted, jumped, slipped, surged, barreled, broken through milestones, defied gravity, come down to earth, shrugged off surprises, limped through fitful sessions, taken breathers, run out of gas and staged a wildly mixed performance. (What I wouldn't give to see a wildly...
...dramatic stock sell-offdrove the Dow Jones downby more than 130 points today in the most precipitous plunge in almost four years. While the index recovered to a more moderate drop of 57 points by the end of trading, Wall Street watchers feared that today's brief stampede, coming on top of a 50-point retreat yesterday, may indicate that the bulls are losing confidence. Triggered by a sell-off in technology stocks, trading hit the Nasdaq composite index proportionately harder, pushing it down 38 points. Today's drop followed Federal Reserve Chairman Alan Greenspan's upbeat economic report...
...easing borrowing costs might prevent the U.S. from slipping into recession. "They did the bare minimum they could to tell the markets they were concerned," saysTIME's Suneel Ratan. It seems to be working: while at least two major banks reduced their consumer loan rates to 8.75 percent, the Dow Jones Industrial Average surged more than 48 points to close at another record 4,664. But Ratan notes that the markets were counting on the move: "Ordinarily, the impact of Fed cuts is not felt for 16 to 18 months.But longterm interest rates have dropped in anticipation...
Stocks advanced during a shortened trading session on the eve of the Fourth of July holiday. The Dow Jones Industrial Average rose 29.05 points, finishing at 4585.15 when the market closed at 1pm. Just 117.14 million shares were traded, compared with 311.37 million last Friday. Standard & Poor's 500 stock index advanced 2.34 to 547.09, while the New York Stock Exchange composite index climbed 1.15 to 292.99 and Standard & Poor's 500 list advanced 2.34 to 547.09. Gainers outnumbered losers by about 4 to 3 on the NYSE. The Nasdaq composite rose 1.08 to 934.53. At the American Stock Exchange...