Word: indexable
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...whole, cheap oil has far more positive effects than negative ones. Says Robert Ortner, chief economist for the Commerce Department: "It is a very potent boost for the economy." Since energy costs make up about 10% of the Consumer Price Index, smaller oil bills provide the economic elixir of growth without inflation. Many businesses get a huge profit lift from lower energy costs. The airline industry, for example, saves $110 million for every 1 cents drop in jet-fuel prices...
...having shot up 150 / points in two months. Amid frenzied trading, the Dow quickly jumped another 16 points. Twice during the morning the average temporarily pierced the 1500 mark, but it did not remain there long. Soon investors moved in to sell stocks and cash in their profits. The index ended the day down 1.49. On Friday the Dow fell another 5.73 points to close the week...
...visitor to Wall Street might be puzzled by some worried faces. During the past few weeks the Dow Jones index has repeatedly hit new highs. Nonetheless, many investors are uneasy. The euphoria of past rallies is missing, and few champagne corks are popping. While the Dow index goes ever higher, financiers are worried because no one understands exactly why it is moving up so fast...
Science concentrators have the same rationales for writing theses as their humanities-oriented classmates. However, major differences in research methods and results separate the two types of endeavor: the science concentrator often does experimental lab research instead of working with stacks of musty library books and boxes of index cards...
...change became necessary when Philip Morris bought General Foods. Philip Morris was a suitable replacement for General Foods, but then American Brands had to be dropped to avoid having two cigarette makers among the 30. The Journal editors also wanted to shift the index away from smokestack industries, which are overrepresented in the elite group. McDonald's provided a golden opportunity and reflected the continuing growth of the service sector in the economy...