In the midst of a current 1-month long rally in the Dow Jones Industrial Average, investors and analysts alike are asking themselves if we’ve in fact seen the worst that the market and economy has to offer. There have been signs as of late that signal that the economic plunge is leveling off.
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Wall Street continued its winning streak on Thursday, with the Dow Jones Industrial Average rising above the 8,000 mark for a time, for the first time since February. This was also the DJIA's highest close in nearly two months.
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The stock market hasn't even been open for 30 minutes, and the Dow Jones Industrial Average has dropped below 7,000, for the first time since October 1997.
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Even as countries worldwide try to figure out ways to halt the downward slide of their economies, the Dow Jones Industrial Average (DJIA) tumbled 251 points to its lowest close, 7114.78, since Oct. 28, 1997, while the S&P 500 index dropped 26 points to 733.33, its lowest level since April 11, 1997.
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The Dow Jones Industrial Average (DJIA), which fell to a six-year low Thursday, continued to fall, finishing the Friday down 100 points to a 6 1/2 year low.
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It's President's Day! But what services are available today? Are banks open on President's Day? Is there mail on President's Day? Is President's Day a federal holiday?
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The bright side to the long darkness of the impending recession/depression is that whether cyclical, secular, or black swan event, these troughs form the valleys from which new periods of prosperity emerge.
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After eight sessions of huge losses that sent the Dow Jones Industrial Average (DJIA) down nearly 2,400 points, the major indices all rebounded in early Monday trading on moves in Europe to stabilize their banking system and news that the Federal Reserve and Treasury Department are meeting today with "leading financial market participants" to finalize the market stabilization initiative.
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After plummeting below 8,000 shortly after the market opened, the Dow Jones Industrial Average (DJIA) recovered somewhat, and managed to finish down about 100 at 8,450.
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It seems that no news or measure that the U.S. takes can stem the blood loss. Despite news that the U.S. is considering taking equity stakes in banks to inject liquidity quickly into the financial markets, the Dow Jones Industrial Average (DJIA) continued its dizzying slide.
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Markets worldwide tumbled, and the Dow Jones Industrial Average (DJIA) dropped below 10,000 for the first time since 2004, as the world tried to determine if the Wall Street bailout passed last Friday will work ... or not.
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