Word: dropping
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Dates: during 2000-2000
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During the last two weeks, the stock market has made investors across the country more than a little queasy. The Dow Jones Industrial Average plunged 618 points last Friday, its biggest-ever drop. The NASDAQ, which includes many of the highest-flying technology firms, lost a quarter of its value last week...
...scent of the speeding U.S. economy squealing to a much-needed slowdown. As if to bolster the prevailing psychology of caution, the Commerce Department reported Tuesday that housing starts on multi-unit buildings, a key indicator, were down to a six-year low in March, a decidedly large drop from December's record high. Simply put, the plunge in starts means that fewer builders are breaking ground on apartment and condominium complexes...
...NASDAQ, then just a funny series of letters to most people, fell all of 11.4%. But on Tuesday the NASDAQ, now our most closely watched market gauge, was down 13.6% on extraordinary volume and with hours yet to trade. And that was on top of a chilling drop the day before, on top of a steady erosion over the previous few weeks that in all took the index down a stunning 28.9% from the March 10 high to the April 4 low--wiping out an incredible $1.1 trillion of value...
...priced at $7 a share riding on every lurch. Last April, when Beyond.com stock hit $37, such options would have been worth $6 million--chump change by dotcom standards but far better than last week's figure. With Beyond.com down to $3.75, his options were "under water"--worthless. "The drop this week was so dramatic, you can't even comprehend it," says Neely, who took over in January after the previous CEO quit. "Everyone is dealing with the same problem...
...supply of paper clips yet, let alone public stock--but our industry's free ride is clearly over. The men are about to be separated from the boys, the wheat from the chaff, the Yahoos from the yahoos. And--oh, my, Greenspan--we can't go public at the drop of a business plan anymore. "It's going to be much harder under these conditions," Karl warns. "The model has to be that much more ironclad...