Word: dows
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...early afternoon, the Dow and NASDAQ were, if not exactly afire, nevertheless hovering above sea level on news that just a few weeks ago would have had them plumbing their depths all over again. What gives...
...Alan Greenspan couldn't have been pandering to Wall Street, because Wall Street was already finding its smile. After shrugging off Cisco's woes on Tuesday (and feeling pretty good about having done so), the Dow and the NASDAQ were already surging Wednesday on Street-beating earnings reports from Old and New Economy stocks alike - Intel, General Motors, J. P. Morgan Chase, and AOL Time Warner (parent empire of this writer - go stock options!). The rally, you see, was already...
...prefer that you think not), he certainly got the most bang for his buck. With an earnings-based rally already on, the index charts all grew a near-vertical line at 10:50 a.m. when the news hit. Three hours later, the party was still going - the Dow was up over 400 points and the NASDAQ nearly 200, and traders were suddenly remembering the good old days, when tech stocks doubled right in front of your eyes...
...HCRA's website lists over 100 corporations and government agencies as funding sources, including AT&T Wireless, U.S. Centers for Disease Control, and Dow Chemical Company...
...time the "Simple Life" cover appeared, few experts were predicting the economic expansion that was to follow. Unemployment was at 6.5% and rising (today it's at 4.3%), and the Dow was hovering around 3000. As Americans recovered from the excesses of the '80s, it seemed they were swearing off materialism and the stressful careers that supported it. Even mutual-fund guru Peter Lynch was downshifting. Lynch had just stepped down as manager of Fidelity's colossal Magellan Fund to spend more time with his wife and three daughters. "I adored my job," Lynch says, checking in from a vacation...