Word: indexable
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...think they [the returns] were good. Straight equities did better than the S&P [Standard and Poor's 500 stock index], though they didn't meet their benchmark," said Robert G. Stone Jr. '44, a member of the Corporation, Harvard's governing board...
...domestic equity portion of the endowment did out-preform the Standard and Poor's 500 stock index, which had a 9.7 percent return, versus the index's gain of slightly more than 25 percent...
During this time period, HMC exceeded the consumer price index inflation rate by 10.8 percent--considerably above the company's six percent target. It also bested the Policy Portfolio by two percent, a margin above its goal of between 1.5 and two percent. According to the letter, HMC does not believe such a margin is sustainable
Housing starts were up 0.6 for the fifth straight month. For the second consecutive day, the Dow Jones industrial average was down. The Dow closed at 4,767, down 13.37. The Nasdaq composite index was up today, 10.13, to end the day at 1,060.31. The New York Stock Exchange was also up slightly, 0.55 to 313.11. On the big board, advancers edged decliners 1,102 to 1,080 on moderately active trading of 371 million shares. The Standard & Poor's 500 stocks rose 1.43 to 584.20. In London, gold closed...
...preserving academic integrity, it was at most a half-hearted effort. The schools are admitting, contrary to every public statement they make, that they put football players in a completely different admissions category, where the athlete clearly takes precedence over the student part of the student-athlete. The index takes the admission decision out of the realm of the University honor and insures it will bend its academic standards a set number of times in the search for gridiron glory...