Word: dowing
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...budget; ensure the process of deficit reduction is achieved evenly, rather than "backloading" difficult political decisions until the next century; and put "everything on the table," including long-term entitlement programs. The nervousness caused by the budget impasse created a frenzied sell-off on Wall Street Monday, plunging the Dow Jones industrial average by more than 100 points...
...biggest stock market tumble since 1991, the Dow Jones industrial average plummeted 101.52 points to close at 5,075.21. Worries that a partial government shutdown might cause the Federal Reserve to postpone a predicted lowering of interest rates on Tuesday sent investors into a selling frenzy. Declining issues led advances by four to one on a heavy volume of 426.23 million shares as of 4 p.m. EST, despite a one-hour opening delay in trading due to computer problems that stock market officials have yet to fully explain. With the Dow at near-record highs this month, the slide represented...
...triple-witching stock and option contracts came due, ringing up record volume of 653.16 million shares. Market analysts also attributed the volume to end-of-the-year portfolio adjustments. The previous volume record -- 608.15 million shares -- was set on October 20, 1987, the day after Black Monday, when the Dow Jones average plunged a sickening 508. Despite today's overwhelming volume, the markets held stable. The Dow Jones industrial average ended the week down slightly, losing 5.42 to close at 5,176.73. The New York Stock Exchange composite index was off 0.44 to 328.66. On the Big Board, decliners...
...Dow Jones industrial average plunged Thursday, losing 34.32 to fall to 5,182.15. The New York Stock Exchange composite index also lost ground, falling 2.07 to 329.10. On the Big Board, decliners led advancers 1,302 to 1,062. Volume was heavy with 461.94 million shares traded. The technology-heavy Nasdaq composite index also fell dramatically, losing 16.15 to end the day at 1,040.39. The Standard & Poor's 500 stocks lost 4.77 to 616.92. In London, gold closed...
...Dow Jones industrial average shot up 41.55 to close the day at 5,216.47. The New York Stock Exchange composite index rose 1.37 to 331.17. On the Big Board, advancers led decliners 1,453 to 981, with 666 unchanged. Volume was moderately heavy with 414.66 shares traded. The technology heavy Nasdaq composite index also rose Wednesday 3.57 to 1,055.64. The Standard and Poor's 500 stocks rose 2.91 to 621.69. The American Stock Exchange market value index was up 3.32 to 538.86. In London, gold closed...