Word: indexable
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...achieved comparative price stability over the last four years, but that stability has not been accompanied by robust economic growth and was, in fact, accompanied in 1958 by the worst recession since World War II. Even though the consumer price index has been edging up-the Commerce Department announced last week that it had risen .7% in the first four months of 1962-its rise has been only a modest 1% or 1½% in recent years. In the economic boom of the 1950s, that rise averaged...
...from its October high of 607 to 398∧ "X" marked the spot on the ticker tape where U.S. Steel was down from last year's high of 9¼ to 52¼. As wave after selling wave buffeted blue chips and glamour stocks indiscriminately, the Dow-Jones index of 30 key stocks tumbled almost 39 points last week to 611.88, the lowest level since Jan. 4, 1961. Following suit, stocks on the American Exchange and over-the-counter markets plummeted to similar lows...
MONDAY, May 21: The slowest trading day in ten months. Three stocks fall for every two that rise. Tobacco stocks lead the downswing, and the Dow-Jones industrial index slips 2.11 points...
...prices continue to fall. With nearly 1,000,000 shares changing hands in the last half-hour, 982 issues fall, and only 141 rise. Only significant gainers are the gold mining stocks-an ominous sign that some investors are betting on a devaluation of the dollar. The Dow-Jones index plummets 12.25, its sharpest decline for a single day in 13 months...
...that time, bargain-hunting professional managers of mutual funds, insurance-company holdings, trust funds, etc., began buying, and when the market closed for the day the beleaguered index had more than recovered its loss. But at week's end, it was still hanging listlessly at a dispiriting...