Word: dowing
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...felt the urge -- but things have definitely improved. Confidence is the name of the game; it has taken a decided turn for the better; and it's self- fulfilling. Lower interest rates make real estate and bonds more valuable, which shores up banks and insurance companies; a record-high Dow makes people , feel richer and more optimistic -- and all this has a way of feeding on itself...
...stock market put on a spectacular show of defiance in 1991. Wall Street's bulls ignored the crushing weight of debt on the economy and the signs of a protracted recession. Every major stock-market index pushed into record-high territory. The Dow Jones average leaped 535 points to an all-time peak of 3168.83, a gain of more than 20% -- and for good measure, rose nearly 33 points during the first two days of 1992. The S&P 500 gained even more than the Dow during 1991, rising 26%, and NASDAQ, the most popular measure for small stocks, surged...
...Dow Jones average of 30 industrials rose 5.59 points to 3209.53, surpassing the closing peak of 3204.83 It reached two days before...
...economy is in such dismal shape, how come Wall Street feels so good? After five consecutive daily increases, the Dow Jones industrial average closed at a record 3101.52 last week. The bull run has pushed the Dow index up 167 points, or nearly 6%, since Dec. 20. That was the day the Federal Reserve Board lowered the discount rate -- which is what the Fed charges banks for borrowing money -- a full percentage point, to a 27-year...
...CAPTION: Dow Jones average at week...