Word: indexed
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Dates: during 1990-1999
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WASHINGTON: New federal statistics suggest that 1996 might see a recession. The Index of Leading Economic Indicators was down 0.3 percent in November, the third straight month of decline. "As a forecasting tool, the Index has had mixed success," says TIME's Bernard Baumohl. "It's never been proven to be totally reliable. But what is generally accepted is that three straight declines could indicate that a recession is coming some three to six months down the road." Early figures also reveal a lackluster Christmas season for retailers, who bore the brunt of record levels of consumer debt...
According to Melissa Brown at Prudential Securities, 86% of the most popular mutual funds did worse than the Standard & Poor's 500 index in 1995. This is more proof that the national pastime of picking the winning mutual fund is a wasted effort. Most people will do better buying the so-called index funds that give them a guaranteed average return...
...Sydney to Hobart. Although he described his role as "acting as a bit of ballast," Murdoch also took turns at the grinder, in the galley and at the helm during the three-day race. And all this while injured. A few days before the race, Murdoch caught his right index finger between the sail and the boom and was whisked away to the hospital. A quick piece of plastic surgery later, he was fine, to the great relief of his many creditors. "I'll still be able to write checks," he joked...
...Jones industrial average rose 16.62 points to finish at 5194.07. Advancing issues led decliners by nearly 5 to 3 on the New York Stock Exchange on a heavy volume of 468.92 million shares. The NYSE composite index rose 0.92 to 332.63, with the S&P's index up 0.59 at 621.32. Meanwhile, technology stocks suffered a setback, causing the technology-heavy Nasdaq composite index to fall 12.39 points to 1,046.26. And in London, gold soared to $393.75, up $6.90. Photographs...
...went as did much of1995 on Wall Street. After rising more than 33 percent last year, stocks soared again today, with the Dow Jones industrial average finishing up more than 60.33 points at 5,177.45. Advancing issues led decliners by approximately 7 to 4. The S & P's composite index gained 4,80 to 620.73. On the Nasdaq, the composite index rose 6.52, ending up at 1,058.65. And in London, gold finished at $386.85. Photographs...