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9 This was the Dow's close at the peak on January 11, 1973 before the 1973–74 stock market crash. 10 This was the Dow's close at the peak of August 25, 1987 before the Black Monday stock market crash. 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.
3 This was the Nasdaq's close at the peak on August 27, 1987. 4 This was the Nasdaq's close at the peak on March 10, 2000. 5 This was the Nasdaq's close at the peak on October 31, 2007. 6 The Nasdaq first traded above 5,100 on March 10, 2000; however, it took over 15 years for the Nasdaq to finally close above 5,100.
The Federal Reserve has expanded its balance sheet greatly through three quantitative easing periods since the financial crisis of 2007–2008.In September 2019, a spike in the overnight repo market interest rate caused the Federal Reserve to introduce a fourth round of quantitative easing; the balance sheet would expand parabolically following the stock market crash.
Wednesday, December 30, 2020. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe It’s all about earnings expectations.
While the index reached a new closing peak of 3,386.15 on February 19, 2020, the onset of the COVID-19 pandemic and recession saw it lose 10% of its value in the next six trading days, its fastest drop from a new peak to date. [38] [39] At the trough of the 2020 stock market crash on March 23, 2020, the index had fallen 34% from its February peak.
Stock price graph illustrating the 2020 stock market crash, showing a sharp drop in stock price, followed by a recovery. A stock market crash is a sudden dramatic decline of stock prices across a major cross-section of a stock market, resulting in a significant loss of paper wealth. Crashes are driven by panic selling and underlying economic ...
The Dow Jones Industrial Average gained around 29 points to close 0.1% higher, while the S&P 500 fell slightly to close nearly flat. The Nasdaq also fell slightly, down 0.1%.
Stock market closures are rare outside of regular holidays. The last time the stock market closed in honor of a president was on December 5, 2018, following the passing of George H.W. Bush.