Word: tradings
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Dates: during 1980-1989
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...world's stock and currency exchanges last week was almost palpable. Share prices gyrated, and the value of the dollar fluctuated fitfully, but none of the financial markets moved with any conviction. Traders seemed practically paralyzed by the knowledge that on Friday the Commerce Department would release the U.S. trade statistics for November. There was good reason for their concern. Three months earlier a worse than expected trade-deficit figure helped send the stock market into a slide that culminated in the great crash of Oct. 19. And in mid-December the announcement of a sharp jump in the trade...
...wire-service ticker. When the fateful figure at last flashed across the screens, it was another shocker -- but this time a good one. The Government announced that the November deficit was $13.2 billion, a stunning 25% decline from October's record $17.6 billion shortfall and the best monthly trade showing since the $13 billion gap in April. Exports surged 9% from October, to $23.8 billion, as imports fell 6%, to $37 billion. Inflation numbers, announced at about the same time, were equally encouraging. U.S. wholesale prices actually declined by .3% in December, largely because of decreasing energy costs...
...financial markets. The dollar jumped to nearly 131 Japanese yen, up sharply from about 126 yen the day before. The greenback also fetched 1.68 West German marks, vs. 1.63 the previous day. At the New York Stock Exchange, everyone who had been planning to buy stocks if the trade figure was good seemed determined to get in at the opening bell. The Dow Jones industrial average skyrocketed, beginning trade 55 points above Thursday's close of 1916. But the surge ended almost as soon as it had begun, and the market settled into a day of seesaw trading as some...
...relatively modest proportions of Friday's stock rally may have reflected the realization that while the November trade figure was a welcome $ improvement, it hardly signaled an end to America's stubborn deficit dilemma. Standing at $159 billion through the first eleven months of the year, the 1987 deficit has already surpassed the record $156.2 billion imbalance of 1986. As recently as 1981, the U.S. trade gap was only $34.6 billion...
...some captains, that may mean scoring a lot of goals. Scott Fusco, the 1985-'86 Harvard hockey captain, finished his career as the Crimson's all-time leading scorer. Kelly McBride, last year's lacrosse captain, accumluated goals the way the U.S. accumlates foreign trade debts...