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...which has slowed to an anemic annual rate of less than 2%, might groan to a halt. The government offered further reassurance last week when it reported that retail sales rose a healthy 0.5% in June, after falling for three straight months. At the same time, the Producer Price Index, which measures the wholesale cost of goods, rose just 0.2% in June, indicating that inflation is under control...

Author: /time Magazine | Title: Needed: More Get Up and Go | 7/23/1990 | See Source »

...barrier for the first time, climbing 80 points and closing at 2900.97. All told, the Dow has risen 244 points since May 1 and has set record highs eleven times. The euphoria has spread far beyond the blue-chip Dow. The more broadly based Standard & Poor's 500 index rose 2.4% last week, to close at a record...

Author: /time Magazine | Title: FINANCIAL MARKETS: Zoom! There Goes 2900 | 6/11/1990 | See Source »

...stock market threw a record-setting party last week, but many investors failed to attend. Spurred in part by a Government report that the Consumer Price Index had risen a modest 0.2% in April, the Dow Jones industrial average reached new all-time highs on Monday, Tuesday and Thursday. After a drop of 12 points on Friday, the Dow closed at 2819.91, up 18 for the week. But the gaiety was muted by the fact that broader market gauges, including Standard & Poor's index of 500 stocks, remained flat throughout the week and have shown little growth all year...

Author: /time Magazine | Title: WALL STREET: The Lonely Bulls of Spring | 5/28/1990 | See Source »

...blame for the gap on disappointing first-quarter profits reported by many small and medium-size companies. Moreover, investors remain uncertain about prospects for the U.S. economy. In response to such concerns, they have sought security by buying and hoarding the blue-chip stocks that make up the Dow index...

Author: /time Magazine | Title: WALL STREET: The Lonely Bulls of Spring | 5/28/1990 | See Source »

...movies more costly -- and risky -- than ever. With an eye toward lucrative video and foreign revenues, studios are lavishing breathtaking sums on everything from stars to scripts to scenery. Hollywood now spends an average of $23.5 million to produce a major movie, up 40% from 1985. (The Consumer Price Index rose just 14.5% over the same period.) "Studios just keep piling on the cost, thinking that they will get it back somewhere," says Jerome Gold, director of the media and entertainment division of the Ernst & Young accounting firm...

Author: /time Magazine | Title: Shooting The Works Lights! Camera! Money! | 5/21/1990 | See Source »

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