Word: investors
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Dates: during 1970-1979
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...Christmas results constituted fresh evidence that consumers are starting to spend again and the sluggish economy is perking up. Other bits of news have pointed the same way. Reflecting a rise in investor confidence, the Dow Jones average of 30 industrial stocks pierced the 1000 mark last week for the first time in three months and closed out the year at 1004.65. The Government's index of ten leading indicators posted a 1% gain in November, its best showing since June. Detroit reported new-car sales up 32.5% from a year earlier in the middle third of December...
...Another investor said, "It's a good firm. It's small and friendly and will do research and a lot of work for you while big firms won't even look at you." Clients include businessmen, about 35 Harvard undergraduates, and even one Harvard professor...
...current flurry of optimism will hardly take the edge off disappointment over the economy's performance in 1976. The year began in high gear with an unprecedented surge of investor confidence that drove the Dow Jones industrial average of 30 stocks up 122 points in January alone, the most successful month in Wall Street history (see box). By April, growth figures were in for the first quarter, and they seemed almost too good to believe. Discounted for inflation, G.N.P. rose at a 9.2% clip, one of the biggest quarterly spurts on record. Corporate profits soared; American Telephone & Telegraph eventually...
...million to spare?" Harris asked. The Observer, it turned out, had been losing as much as $1 million a year and recently laid off one-third of its staff. The paper's owners, heirs of the second Lord Astor, were willing to hand over control to the right investor. Cater telephoned the Aspen Institute, which reached Anderson, and Anderson invited Observer Proprietor and former Editor David Astor to bring the paper's books with him to Los Angeles. Last week, ten days after Cater's serendipitous supper, Atlantic Richfield's board approved the purchase; the price...
...stock market is the most sensitive barometer of investor attitudes, and it has reacted to Jimmy Carter's election with a minicrash. During the first eight trading days since the vote, the Dow Jones industrial average plummeted more than 38 points, to a close of 927.69, the lowest since last January. Though stock traders have had other things to worry about-primarily the slowdown in the economy-the chief reason for the sell-off appears to be fear that Carter's programs to speed up the economy will set off a new burst of inflation...