Word: nasdaq
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Dates: during 1990-1999
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...really scary thing. As the four major adult-film companies--Vivid, VCA, Wicked and the NASDAQ-traded Metro--focus on couple-friendly, cable-ready fare, tape rentals and sales are booming for gonzo films, often shot in Eastern Europe and far rawer than anything seen before. Black, who rules in the shock department, sends his mother copies of his movies with the sex scenes edited out. Even then, she says, "I have gotten after him for the things that he's done in some of these movies. I said, 'Rob, I don't want to see any more movies with...
...YORK: For the Russian economy, it's all over but the doomsday, and that's what traders prepared for Thursday by pushing the Dow down 257 points -- and the NASDAQ 81 -- by the close of trading. "The Russian economy is in total collapse," says TIME business reporter Bernard Baumohl, "and although U.S. traders have very little direct exposure to it, they're very nervous about what could happen to Europe, Asia and Latin America if the political system goes with...
...survey the bidding. The market low (based on closing prices) for the past five months was reached Friday. The average NASDAQ stock was down 39% from its 52-week high, and the average stock on the New York Stock Exchange was down 30%, according to Salomon Smith Barney. The average decline in stocks of very small companies (market value under $250 million) was a staggering 47%. Those are major losses, masked by the more visible Dow decline of just less than...
...lapse of enthusiasm Wednesday, Internet stocks reignited Thursday following an amazing spate of announcements from Wall Street's darling, Yahoo. The buoyant trio of Net portals -- Yahoo, Excite and Lycos -- was up a combined 20 points by noon, with Yahoo accounting for half that gain, and the tech-heavy NASDAQ was pushing into record territory...
...used to it. "I'd be very suspicious," says TIME Wall Street columnist Daniel Kadlec. "This was a relief rally -- an excuse to bargain-hunt on the good yen news." Psychology, even on hair-triggered Wall Street, can only take the Dow or NASDAQ so far north. "There's a long history of central banks proving themselves unable to force a currency to stay up or down," says Kadlec. "The economic fundamentals always...