Word: indexed
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Dates: during 1970-1979
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...dive of the Dow index, which is made up of 30 blue-chip issues, only begins to tell the story. Since the January 1973 highs, the index of all shares traded on the New York Stock Exchange has fallen 42%, the index of all issues on the American Stock Exchange has plunged 46%, and a popular average of over-the-counter stocks (those not listed on an exchange) has plummeted 54% (see chart). And this has occurred at a time when all other prices have been rising. Market Analyst Raymond F. DeVoe of Spencer Trask & Co. figures that share prices...
Rumors that other large businesses will go under started a dive in the already depressed London stock market; the Financial Times index plummeted below 200 for the first time since 1958. Adjusted for inflation, British stock prices are at their lowest since...
...economic troubles awaiting the attention of the new Ford Administration, the Bureau of Labor Statistics on the very day of Richard Nixon's resignation released a set of statistics that showed inflation to be accelerating at an even more explosive pace than had been supposed. The wholesale price index rose a seasonally adjusted 3.7% in July alone, amounting to a compound annual rate of 54.6%. The jump was the biggest for one month since August 1973, when prices leaped 6.2% after the lifting of the Nixon Administration's second price freeze...
...news was not confined to the farm. Wholesale prices of industrial commodities rose 2.7% last month, the ninth straight month in which they have increased at a double-digit pace. The index for fuels climbed 5.3% in July alone. Almost all types of machinery became more expensive. Factory prices of automobiles went up 2%-and are continuing to climb: one day after the index was released, General Motors raised the factory prices of 1975 model cars and trucks by an average of $480 or 9.5%, nearly duplicating in a single stroke the $500 in price hikes that automakers posted...
...magnitude of the rise came as a shock to Government officials. John Stark, executive director of the Congressional Joint Economic Committee, said that it "has dire implications for the consumer price index." He fears that it will "accentuate future wage demands" by workers who can see the buying power of their paychecks going down...