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October 6–10, 2008: From October 6–10, 2008, the Dow Jones Industrial Average (DJIA) closed lower in all five sessions. Volume levels were record-breaking. The DJIA fell 1,874.19 points, or 18.2%, in its worst weekly decline ever on both a points and percentage basis. The S&P 500 fell more than 20%. [145]
[25] That month, September 2008, would see record drops in the Dow, including a 778-point drop to 10,365.45 that was the worst since Black Monday of the 1987 stock market crash [26] and was followed by a loss of thousands of points over the next two months, standing at 8,046 on November 17 and including a 9% plunge in the S&P on December 1, 2008.
On Wednesday, October 29, markets in the U.S. closed down slightly despite announcement by the Federal Open Market Committee of a reduction in the federal funds rate 50 points to 1 percent [106] [107] Markets in the U.S. were up Thursday and Friday, closing up for the week, cutting losses to the Dow Industrial Average during October to 17% ...
A loss of just over 24 percent on May 5, 1893, from 39.90 to 30.02 signaled the apex of the stock effects of the Panic of 1893; the 2007–2008 crash was a 61.8 percent retracement thereof that began on October 11, 2007, and lasted until the closing low on March 9, 2009. [7]
October 24, 1929 - The Stock Market crash of 1929 begins which leads to the Great Depression of the 1930s. It takes 25 years for the Dow to regain its September 1929 high of 381 points.
On October 8, the Indonesian stock market halted trading, after a 10% drop in one day. The Times of London reported that the meltdown was being called the Crash of 2008, and older traders were comparing it with Black Monday in 1987. The fall that week of 21% compared to a 28.3% fall 21 years earlier, but some traders were saying it was worse.
Dow Jones Industrial Average: 15-year return of 362% (10.7% annually) The Dow Jones Industrial Average tracks 30 U.S. companies. The index is weighted by share price, such that companies with more ...
Stock markets plunged as the bankruptcy of Lehman Brothers and the seizure and sale of Washington Mutual's banking 5 Money-Making Lessons from 2008's Market Crash Skip to main content