Word: indexable
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...York Stock Exchange opened for business last Monday, buy orders poured in by the thousands. At day's end 138.5 million shares had changed hands, driving the Dow Jones industrial average up 25.94 points. For the first time in more than a year, that closely watched index finished above the 1000 level, at 1012.79. As the week progressed, big institutional traders like banks and pension funds were joined by more and more individual investors, who streamed in to catch the action...
...Thursday, the rally had started to lose steam, sending the Dow Jones index skidding more than 18 points. By week's end the Dow had slipped below the 1000 level, closing at 993. Meanwhile, analysts had begun to warn that little was fueling the buying binge except the fervent hope that lower interest rates would eventually lead to economic growth...
...index card on the door of one third-floor office identifies the occupant as Daniel B. Hogan, Psychology and Social Relations. Above the door, a note reads "Professor of Military Science" in large painted lettering...
...debate acquired special pungency because the week's news indicated that the economy is still bumping along the bottom of the painful slump that began in July 1981. The Government's index of leading indicators, the statistics thought to foreshadow most accurately future business trends, dropped .9% in August, after four months of upticks. Reagan dismissed this in advance as "a glitch" in a pattern of generally hopeful signs; Democrats saw much more than a glitch...
American Express last week joined the most exclusive club in U.S. business: the often quoted Dow Jones index of 30 leading industrial companies. No one was more surprised than Amex officials when they learned that they were replacing the ailing Manville Corp. on the blue-chip list that includes Exxon, General Motors, A. T. & T. and other giant firms. Said Amex Chairman James Robinson III: "We are simply delighted." Added Sanford Weill, chairman of the firm's executive committee and Shearson/American Express, the second largest U.S. brokerage: "I pinched myself to make sure it was true...