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11 The Dow reached an intraday high above 3,000 for the first time on Friday, July 13, 1990, before falling back below by the close. The average closed at 2,999.75 on Monday, July 16, 1990, and closed unchanged the following day; [ 17 ] however, it would take until April 17 of the next year for the Dow to finally close above 3,000.
Jul 1990 USA: Iraq invaded Kuwait in August 1990, causing oil prices to increase. The Dow Jones Industrial Average dropped 18% in three months, from 2,911.63 on 3 July to 2,381.99 on 16 October 1990. This recession lasted approximately 8 months. Japanese asset price bubble: 1991 Japan
(The intraday high may not be the same as the opening price; for instance, in the 2010 flash crash, the market reached an intraday high, higher than the opening price.) [48] This is distinguished from an intraday point drop or gain, which is the difference between the opening price and the intraday low or high.
The Dow's final closing price of 6,547.05 was 54% lower than an all-time high of 14,164.53 set a year and a half earlier. ... GM and Chrysler report that their current bailout funding is ...
The Dow Jones Industrial Average finished in five digits for the first time in its history on March 29, 1999, finally clearing a hurdle that had proven too high in recent.
Ah, to remember the heady days when Bernanke's off-the-cuff remarks set Wall Street ablaze and led the Dow Jones (INDEX: ^DJI) on another rally. Yes, if you remember back to those golden days ...
The Dow soared from 2,753 to 8,000 between January 1990 to July 1997. [43] In October 1997, the events surrounding the 1997 Asian financial crisis plunged the Dow into a 554-point loss to a close of 7,161.15; a retrenchment of 7.18% in what became known as the October 27, 1997 mini-crash.
But stock market crashes are different because of the steep decline in prices over a short period of time. ... for the S&P 500 and Dow Jones Industrial Average both occurred on Oct. 19, 1987 with ...