Word: indexers
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Dates: during 1950-1959
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...years has the stock market had such a wide-swinging week. In one day the Dow-Jones industrial index shot up 7.99 points, the biggest gain since Sept. 5, 1939, after World War II began. Next day prices dropped 7.18 points, the biggest break since March 14, when investors were scared by the Fulbright committee...
...rise in the Dow-Jones industrial average gave a false picture of the market. The index, made up of 30 stocks, mostly bluechip, includes G.M. While they were jumping, many other stocks declined. Of the 1,231 issues traded, 636 closed lower, while only 361 advanced (234 were unchanged). The next day, as traders took part of their sizable one-day profits in blue chips, the index had its big drop. Ordinarily, a one-day drop of more than 7 points in the average would shake the market, set off a prolonged selling wave. But this time...
Growth Wanted. The week's ups and downs were the latest evidence that the greatest bull market in U.S. history has primarily been a market for blue chips. Since last January, the Dow-Jones industrial index has climbed almost steadily, from 391.89 to 461.18 at week's end. And the sharpest rise has come since the Fulbright hearings ended. High-priced stocks have gained 8% in value, according to Standard & Poor's index, while its index of low-priced stocks has shown a loss of .3%. One big reason is that investment trusts and big institutional buyers...
Despite the general economic boom, there has been no new inflationary spiral. For two years the cost-of-living index has held generally steady, is now only half a percentage point above the level of April 1953. The value of the dollar has been stabilized-an element of immense importance in the new mood of confidence...
...came in a nation-by-nation roundup. In Europe's 17 OEEC countries,* gross national product rose an average 4% during 1954. The big point, said Banker Auboin. is that Western Europe continued its postwar boom despite the short U.S. "recession" that began late in 1953. While the index of industrial production in the U.S. showed a decline of 9% during the recession, the combined index for the Western European countries showed an increase of 4½% in 1953, and 8½; in 1954. Said he: "It is of the greatest psychological importance that the haunting fear of major...