Word: dows
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...investors got cold feet on Friday, and sent the Dow down 1.87%. The broader S&P 500 index fell 2.03%, with 84% of its stocks moving lower. One bit of good news: Friday's decline occurred on relatively light trading volume, and was not surprising given that stocks had risen so far in a short time. Yet a decline is still a decline, and the sharper sell off in financial stocks, which were down 3.4% on Friday, raises questions about the many challenges the industry - and the broader market - still face...
When treasury secretary Tim Geithner rolled out his long-awaited plan for buying up toxic mortgage loans and securities on March 23, reaction was split. Financial markets cheered, with the Dow Jones industrial average rocketing 497 points, or 6.8%, on the day. The chattering classes mostly grumbled, with Princeton economist and New York Times columnist Paul Krugman gloomily leading the way: "It fills me with a sense of despair," he wrote of the plan before it was released but after many details had leaked...
...early 1980s, around the time Ronald Reagan became President and Wall Street's great modern bull market began, we started gambling (and winning!) and thinking magically. From 1980 to 2007, the median price of a new American home quadrupled. The Dow Jones industrial average climbed from 803 in the summer of 1982 to 14,165 in the fall of 2007. From the beginning of the '80s through 2007, the share of disposable income that each household spent servicing its mortgage and consumer debt increased 35%. Back in 1982, the average household saved 11% of its disposable income. By 2007 that...
...banks and financial markets back to health? It's not clear. The plan leaves out tens of billions of dollars in bonds that were never AAA-rated and were hard to sell even in good times. The plan triggered a strongly positive stock-market reaction on Monday, when the Dow Jones industrials soared nearly 500 points. On Tuesday the market slipped 1.5%, as doubts about a speedy bank recovery began to take shape...
...found out about the bonus payments. This week, though, Geithner was saved, in part, by the introduction Monday of the long-awaited details of his plan to get credit flowing again. Unlike his first stab at a rollout, this scheme was well received by the stock market, sending the Dow Jones industrial average up nearly 500 points, the fourth best day of trading since 1933 (though many economists still had doubts about it). At least half the questions Tuesday were forward-looking, centered on the particulars of the public/private partnership plan to get toxic assets off the books of banks...