Word: stockings
(lookup in dictionary)
(lookup stats)
Dates: during 1980-1989
Sort By: most recent first
(reverse)
...notably by reducing the federal budget deficit. Without such measures, the Fed may eventually be forced to support the dollar by putting upward pressure on U.S. interest rates. But that step presents a painful election-year dilemma for Fed Chairman Alan Greenspan, particularly in the wake of October's stock crash, since any rise in interest rates might send the U.S. and world economies into a recession...
BUSINESS: A stock dive gives impetus to a call for sweeping market reforms...
There it was again -- the harrowing, sinking feeling that has become all too familiar on Wall Street. Pessimism verging on panic. Stock prices plunging in a free fall. Last Friday the Dow Jones industrial average suffered its third largest drop in history, plummeting 140.58 points to close at 1911.31. Fortunately, the worst of the rout began after 2:30 p.m., and there was not enough time for a full-fledged disaster before the New York Stock Exchange's 4 p.m. closing bell. By the end of the day, however, traders could not help but think back to the 108.36-point...
Friday's decline more than wiped out the four previous days of healthy stock advances spurred by an unexpected rally of the dollar, which was bolstered by the intervention of central banks in the currency markets (see following story). For the week, the Dow was down 27.52 points. As usual, there was a logical, if contorted, economic explanation of why investor sentiment so abruptly turned bearish. The problem started when the Government announced that the U.S. unemployment rate had fallen from 5.9% in November to 5.8% in December, its lowest level since 1979. To most people, that sounds like good...
...none of this could adequately explain why the Dow dropped 90 points in just 45 minutes late on Friday. Experts quickly pointed out that the slide was accelerated, as other swings have been during the past two years, by computerized program trading of large blocks of stocks and stock-index futures. The debacle raised anew questions that have been hotly debated since October: Is the new high-tech volatility of stock prices out of control? Are investors vulnerable to a crash at any time if reforms are not undertaken to shore up the market's stability...