Word: nasdaq
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Dates: during 2000-2009
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...nation's unemployment rate, which had remained steady--and low--while other indicators turned bleak, leaped to 4.9% on Friday, its highest level in four years. Wall Street was raining red arrows as the Dow lost 427 points in just two days--3.5% for the week--while the NASDAQ fell 6.5%. At a noon meeting in chief of staff Andy Card's office, top Bush aides decided to clear the President's afternoon schedule and dispatched him, grim faced, to the South Lawn of the White House to reassure Americans--and the markets--that he was "deeply concerned." They summoned...
...cranky schoolteacher back from summer break. Five months after what just about everyone figured was a bottom, stock indexes are plunging anew. Last week the Standard & Poor's 500 dipped below its April 4 low, and it has now erased more than three years' worth of gains. The NASDAQ and Dow are flirting with their April lows...
...economy, indeed. With Wall Street still checking its systems, assessing its structures and finding places to put its emotions, the Dow and NASDAQ will let another three days pass before returning Monday morning to the business of buys and sells, puts and calls, fear and optimism. Only then will the American economic world start to spin again in earnest...
...Chicago Board of Trade has been at it since Thursday, driving short-term Treasury yields lower than anybody could remember on the expectation of coming massive Fed rate cuts. The NASDAQ, despite concerns that its headquarters across from the World Trade Center site at One Liberty Plaza might collapse, has theoretically been ready for days - the economic bellwether of the last five years is little more than a massive computer. It fears no asbestos clouds, and it cannot mourn...
...Unlikely, and quite possibly unwise. Certainly a significant selloff awaits the Dow and NASDAQ whenever they reopen, and a significant selloff is certainly warranted, considering the real impact of the catastrophes on industries like insurance, airlines and financial services, to name but a few. (One early estimate by Moody?s has the damage bill at $10-15 billion...