Word: indexes
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Dates: during 1980-1989
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...Wall Street forecaster, "a lot of buyers were taking to the sidelines, trying to figure out whether the assault on 1900 was for real. On Monday, everybody jumped in to cash in their profits." Another reason for the big drop was the fact that early last week stock index futures were selling at a significant discount to current stock prices. For Wall Street institutions using computer-trading programs to conduct business, that meant an opportunity to make a fast profit by simply buying the futures and selling the current stocks...
...their investments over the weekend rather than sell them off to lock in profits. The mood was still ebullient when the market reopened. The Dow leaped 29.74 on Tuesday and 25.25 on Wednesday to a record 1878.28. The unprecedented four-day rise was 103.11, which more than recouped the index's recent losses. The Dow inched ahead 4.07 on Thursday to set another record close and then slipped back 5.64 on Friday to end the week...
...usual triggering events, like a sudden drop in interest rates or oil prices. Instead, investors took heart in expectations of robust economic growth this year and an anticipated rise in corporate profits. They were reassured about their hunch later in the week when the Commerce Department reported that its index of leading indicators, the Government's primary gauge for forecasting business trends, jumped 1.5% in April; it was the best performance since October 1983. Said David Wyss, an economist with the Data Resources forecasting firm: "Now that we've had three months in a row of strong increases, that...
...Government also said that during the past three months, the consumer price index dropped at a 4.3% annual clip, the steepest decline in 37 years. Again, economists note a disturbing trend beneath the surface. Most of the CPI's dip has been the result of falling oil prices, which are now starting to rise again...
...next month. Broad Brush, an affable bay who likes to be taken on joyrides in his trainer's van, came third. All around, it was a happy day for practically everyone but the 1-2 favorites Snow Chief and Badger Land, who finished eleventh and fifth. By the Dosage Index, a perplexing pedigree calibrator much under discussion these days, Snow Chief's fate had been foretold. But the betting public ignored the arithmetic and forgot the old man. Sentimentalists collected $37.40 for $2 on Willie...