Word: indexes
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Dates: during 1980-1989
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...Senate Labor and Human Resources Committee, Kennedy is expected to push for an increase in the minimum wage during this Congress. In the House, New York Democrat Mario Biaggi has submitted a bill to raise the current rate to $5.05 an hour over a five-year period and index it after 1991 to half of average hourly earnings. The present minimum is less than 38% of average...
Last week, more than 14 years after the Dow leaped the 1000 mark, the big moment finally arrived. As Big Board floor traders cheered and filled the air with confetti, the closing bell rang last Thursday with the index solidly perched at 2002.25. Then on Friday, after briefly falling from its record height, the Dow rallied to its sixth straight gain of the new year and finished the week...
...Elliott Wave Theory to predict that the Dow is on a march that will peak at 3600 by 1988. In December 1985, Yale Hirsch, editor of the newsletter Smart Money, forecast the date of the Dow's 2000 day within roughly a week. Now Hirsch predicts that the index may climb to 2300 within three months and reach 2700 later this year...
...convinced that interest rates had to come down. No sooner had they loosened monetary policy than investors came storming back into the market. And as interest rates kept falling, the bulls kept buying. By November 1983 the Dow had reached a high of 1287.20. For the next year, the index more or less stagnated, partly as a result of uncertainty about the outcome of the 1984 presidential elections. After President Reagan's landslide victory, the bulls started stampeding again. By January of 1986, the Dow had climbed...
Falling energy prices for the year as a whole knocked the wind out of overall U.S. inflation. Economists estimate that prices rose only 1.8% for all of 1986. During three months of the year, the Consumer Price Index actually reversed its usual upward course and registered deflation instead...