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[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.
Late June 2008: Despite the U.S. stock market falling to a 20% drop off its highs, commodity-related stocks soared as oil traded above $140/barrel for the first time and steel prices rose above $1,000 per ton. Worries about inflation combined with strong demand from China encouraged people to invest in commodities during the 2000s commodities boom.
In mid-March 2008, Bear Stearns was bailed out by a gift of $29 billion non-recourse treasury bill debt assets. [56] In early July 2008, depositors at the Los Angeles offices of IndyMac Bank frantically lined up in the street to withdraw their money. On July 11, IndyMac, a spinoff of Countrywide, was seized by federal regulators—and called ...
The stock market has been on fire over the past couple of years, and many investors have watched their portfolios soar. ... the Great Recession in 2008, the COVID-19 crash in 2020, and the most ...
Actually only one of these three stocks (Apple Inc., Amazon.com and Netflix) delivered positive returns during the 2008 crash and found a place in our list. 10 Stocks That Went Up During 2008 ...
January 2008 was an especially volatile month in world stock markets, with a surge in implied volatility measurements of the US-based S&P 500 index, [33] and a sharp decrease in non-U.S. stock market prices on Monday, January 21, 2008 (continuing to a lesser extent in some markets on January 22).
Alamy Five years ago this month, the U.S. financial system began a downward spiral that would bring it to the brink of collapse. Stock markets plunged as the bankruptcy of Lehman Brothers and the ...
United States Department of the Treasury. After the freeing up of world capital markets in the 1970s and the repeal of the Glass–Steagall Act in 1999, banking practices (mostly Greenspan-inspired "self-regulation") and monetized subprime mortgages sold as low risk investments reached a critical stage during September 2008, characterized by severely contracted liquidity in the global credit ...