Word: dows
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...market, like some dim-witted clerk, applies a generous markdown to what it can't figure out. Thus the NASDAQ index fell 12% during election week and plunged again last Monday, crashing below 3000. It bounced back on Tuesday but was dishearteningly choppy the rest of the week. The Dow has been on its own treacherous sawtooth course, breaking the will of many who had expected a year-end rally to take shape...
Barbra Streisand and Rosie O'Donnell announce that if Bush takes office, they will move to another country. The Dow Jones average reacts by falling 780 points. Warren Christopher and James Baker set aside their differences and together urge Streisand and O'Donnell to reconsider, "for the good of the nation...
...markets are handling the ongoing non-election pretty well. Since taking a deep dip Monday that had Bush surrogate-in-chief James Baker invoking "instability" as a reason to stop the re-recounting in Florida, both the Dow and NASDAQ have been going about their bargain-hunting unperturbed by the legal and political quagmires in the Sunshine State. Both indexes posted steep three-digit gains Tuesday. On Wednesday the buyback continued - apparently some investors see an end to the Florida mess by next week...
...markets are handling the ongoing non-election pretty well. Since taking a deep dip Monday that had Bush surrogate-in-chief James Baker invoking "instability" as a reason to stop the re-recounting in Florida, both the Dow and NASDAQ have been going about their bargain-hunting unperturbed by the legal and political quagmires in the Sunshine State. Both indexes posted steep three-digit gains Tuesday. On Wednesday the buyback continued - apparently some investors see an end to the Florida mess by next week...
...Monday, both indexes were ailing; by lunchtime, the Dow was down 215 points to 10,386 and the NASDAQ down 158 to 2870. The Dow tends to be more responsive to political considerations; the tech index has plenty of its own troubles to worry about. A bad profit warning from Dow component and tech bellwether Hewlett Packard helped sellers in both indexes make up their minds Monday, but it's generally agreed that the dawning of another week of election madness is starting to be a big part of the problem across the board...