… there are three indices. These are called a.) Dow Jones Industrial Average or DOW or DJIA. b.) NASDAQ and c.) S&P 500. In Japan, they called their index ‘Nikkei’. In Hong Kong, they call it ‘Hangseng’. In UK, they call it ‘FTSE 100′. In Germany, they call it ‘DAX 30′. Here in the Philippines …
… It was a technological golden age as innovations such as radio, automobiles, aviation, telephone and the power grid were deployed and adopted. Financial corporations were flourishing as can be seen from the stock market value of the Dow Jones Industrial Average touched 381.2 in September 1929. By the summer …
… a large number of collectors fled the art market as they saw their wealth diminish. Surprisingly, even with the Dow Jones industrial average plunging more than 400 points on Thursday, Americans represented 61 percent of the buyers, with Europeans (a category that includes Russians) trailing at 26 …
… on the movement of the price of the stocks. You usually hear the index went up or down by so and so points. Different countries have different names for their indices for easy identification. In US, there are three indices. These are called a.) Dow Jones Industrial Average or DOW or DJIA. b.) NASDAQ …
… This from Wikipedia: On Black Tuesday, the Dow Jones Industrial Average fell 38 points to 260, a drop of 12.8%. The deluge of selling overwhelmed the ticker tape system that normally gave investors the current prices of their shares. Telephone lines and telegraphs were clogged and were unable to cope …
… are heading for the exits. As the stock market plunged again on Wednesday, with the Dow Jones industrial average sinking 514 points, or 5.7 percent, the travails of the $1.7 trillion hedge fund industry loomed large. Some funds dumped stocks in September as their investors fled, and other funds could …
… recession of 1988 - 90 and it would certainly leave its mark. Just 10 months before, the Dow Jones had taken a 25% hit off its industrial average and this had a dramatic effect on those countries with links to the US. Although I didn’t fully understand the global implications, I quickly realised what …
… Ever – Then Rallies Monday The Dow Jones industrial average ended the day down 128 points at a new five-year low of 8,451. It capped a brutal eight straight days of selling and the market’s worst week ever. The Dow fell 1874 points, or 18% during the week, which on both a point and percentage basis …
And seven was supposed to be a lucky number. Today the US House of Representatives junked the $700B bailout bill that will foot the losses of Wall Street high-rollers with taxpayer money. The markets responded by plummeting 777 points in the Dow Jones Industrial, lower than the first trading day …
I am against the bailout, and part of being against the bailout is being ready for losses, so here are some numbers to help put current market losses into an historical perspective. Wall Street Crash of 1929 On Black Tuesday, the Dow Jones Industrial Average fell 38 points to 260, a drop of 12.8 …
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