Word: indexes
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Dates: during 1980-1989
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...readings. The Commerce Department announced that the U.S. trade deficit surged to a record $123 billion in 1984, far surpassing the $69 billion shortfall of 1983. The ! widening gap means that foreign manufacturers are increasingly taking business and profits away from American companies. The Government also revealed that its index of leading economic indicators, a barometer of future economic growth, dipped .2% in December. Finally, the Labor Department said on Friday that the civilian unemployment rate rose to 7.4% in January from December's 7.2%, even though the number of Americans holding jobs reached a record 106.4 million. Economists were...
...excitement is not limited to the Big Board. Indeed, the highest flyers are smaller, fast-growing companies traded on the American Stock Exchange and the over-the-counter market. The Nasdaq (National Association of Securities Dealers Automated Quotations) composite index of OTC stocks rose a record 17 days in a row before it fell last Friday. The previous mark: eight consecutive days in April 1983. OTC shares took a pounding in 1984, but now they are rebounding almost as fast. Amex's Market Value index has jumped 9.6% in 1985, and the Nasdaq has shot up 12.6%. In the past...
Another sign of the growing boldness of individual market players is their enthusiasm for index options. In an option deal, an investor gets the right to buy or sell a contract representing a group of stocks that make up one of the market indexes--for example, the New York Stock Exchange composite--at a fixed price at some future date. What it amounts to is a legal bet on which way the market index is headed. If investors guess right, they can cash in their options at a profit. About 95% of the investors in N.Y.S.E. composite index options...
...shelved, outdoor tables replace ice sculptures in front of Au Bon Pain, and thoughts of love return to dreamy eyed collegiates, a host of worried questions fill the Yard air--questions such as, How far will I have to walk to class next year? What is the neck index in that House? Are there really 300 violin-playing, Pac Man-addicted, biochem majors over there...
...differences between the various market barometers lead some market watchers to dispute the value of the Dow index altogether. The widely watched indicator consists of stocks of 30 major companies, including IBM, Eastman- Kodak and Minnesota Mining & Manufacturing. "You can no longer tell what 35,000 stocks will do by watching just 30 stocks," says Wachtel. Philip Fernandez, an institutional analyst at Bateman Eichler, Hill Richards, agrees: "The Dow is too exclusive and too narrow...