Word: dowing
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Weill knew he had really arrived last March when the stock of Travelers, which has risen in value some tenfold over the past decade, became part of the blue-chip 30-stock Dow Jones industrial average. Yet he figured he still lacked global reach. "The real growth opportunities in the financial business are going to come from the privatization of government-owned companies around the world and in emerging markets," Weill says. "Salomon gives us the platform to participate in that...
With good news all around, Wall Street didn't even tremble in anticipating what Greenspan's boys would do; minutes before the announcement, the Dow was up eight points, and barely quivvered afterwards...
...DOW CHEMICAL RESPONDS
Your article on the silicone-breast-implant trial in Louisiana [LAW, Sept. 1] raised a number of important issues about the role of science in the courtroom, but the use of the word Dow in the article was misleading. Dow Chemical and Dow Corning are separate corporate entities, and Dow Chemical is not the "parent company" of Dow Corning. Rather, Dow Chemical and Corning Inc. are each 50% shareholders in Dow Corning, which formerly made breast implants. Dow Chemical is not now and never has been in the breast-implant business. It is also important to note that the Louisiana...
Today's market swings have a different flavor in one respect, though. Lately they have been coming rapid-fire, which may lead to yet another conclusion. The Dow rose or fell at least 1% on seven of 10 consecutive trading days at the end of August. Such strings of volatile trading days have been rare, occurring roughly 20 times since 1950, says Alan Shaw, chief technical analyst at Smith Barney. The clusters have overwhelmingly been closer to the start than the end of long rallies. "It's a wives' tale that this volatility is a precursor of some negative move...