Word: dows
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...world-wide explain the deep losses markets experienced last week after initially reacting with euphoria to the rash of government efforts to prevent finance and banking systems from imploding. As the week closed out, the global outlook was simply confused, as European indices generally finished higher, the Dow slumped 1.4%, and Asia's national markets featured both gains and losses...
There is no question that racial bias is a powerful force to overcome and a slippery one to quantify. But with Obama propelled by panic over shrinking nest eggs and the wilting Dow, the Bradley effect may be this fall's paper tiger: an old theory re-heated by the media because there's not much left to talk about...
...they scramble to soothe panicked traders, George W. Bush and his financial team might consider a strategy of silence--at least during market hours. A look at their recent speeches suggests that saving their remarks for after the 4 p.m. closing bell might be a bit easier on the Dow...
...damage had been mounting so swiftly that in the midst of a global stock-market rout that ate 18% of the Dow, Treasury Secretary Hank Paulson was forced to import a plan he once considered practically un-American. Paralleling a program authored by U.K. Prime Minister Gordon Brown, it called for the U.S. government to take partial ownership of nine leading banks and offer to buy pieces of hundreds of others. On Oct. 13, the nine bank bosses, assembled in the Treasury's imposing boardroom, were each handed a piece of paper with the terms: $25 billion of preferred shares...
...doesn't necessarily stimulate the demand side--where we all live. Across America, there is growing evidence that demand for credit--and everything else--is shrinking, with recessionary consequences. Two days after the Washington drama, the Fed's Beige Book report revealed that business was weakening everywhere, prompting the Dow to regurgitate 700 points. GM is shutting plants earlier than anticipated, idling 2,800 workers; PepsiCo, which reported falling sales in the U.S., is chopping 3,300 jobs worldwide. Demand for Samsung's DRAM chips is dropping. The retailer Linens'n Things is closing its remaining 371 stores, eliminating...