Timeline Dow Jones
Return to home
1788 Jul 19,
Prices plunged on the Paris stock market.
(HN, 7/19/98)
1792 May 17, Stock traders
gathered under a buttonwood tree not far from Wall Street in New
York City and organized what later became the New York Stock
Exchange at 70 Wall Street. 24 merchants formed the NY Stock
Exchange at 70 Wall Street. They fixed rates on commissions on
stocks and bonds. A prior market crash and almost total halt in
credit, trading and liquidity prompted the Buttonwood Agreement
under the influence of Alexander Hamilton.
(Hem, 8/95, p.78)(WSJ, 3/24/97, p.A19)(HN,
5/17/98)(MC, 5/17/02)
1862 The San Francisco Stock
and Bond Exchange was established by 19 founding members as a
marketplace for mining company stocks following the Comstock Lode
strike.
(SSFC, 1/25/04, p.I3)
1864 Apr 22, Congress
authorized the use of the phrase "In God We Trust" on for the 1st
time on a 2 cent coin.
(AP, 4/22/97)(MC, 4/22/02)
1869 Sep 13, Jay Gould and
James Fisk attempted to control the US gold market.
(MC, 9/13/01)
1873 Sep 20, A financial panic
hit the NY Stock Exchange when the high-flying bond dealer, Jay
Cooke, granted too many loans to the railroads. Panic spread to
Europe as London and Paris markets crashed and the New York Stock
Exchange closed for the first time for 10 days. The economy went
into a 6 year depression. Philadelphia banker and newspaperman
Anthony Drexel teamed up with J.P. Morgan to depose a rival bank run
by Jay Cooke. They published allegations to undermine confidence and
cause a run that led to a panic.
(WSJ, 2/27/95, p.A-10)(WSJ, 7/8/96, p.C1)(WSJ,
10/7/98, p.A22)(MC, 9/20/01)(SSFC, 7/14/02, p.G2)
1889 Jul 8, Dow Jones & Co.
turned its business newsletter into a full-fledged newspaper and
co-founder Charles Bergstresser dubbed it the Wall Street Journal.
(WSJ, 3/4/96, p. C-1)(AP, 7/8/97)
1893 May 5, Panic hit the New
York Stock Exchange; by year's end, the country was in the throes of
a severe depression.
(AP, 5/5/99)
1896 May 26, The Dow Jones
Industrial Average [DJIA] was first published. Charles H. Dow set up
an index of 12 industrial companies that began at 40.94. Of the
current 30 stocks in the DJ, only General Electric was in the
original group. The 12 companies included: The American Cotton Oil
Company, American Sugar Refining Company, American Tobacco, Chicago
Gas, General Electric Co., Laclede Gas Light Co., National Lead,
North American Co., Tennessee Coal, Iron and Railroad Co., U.S.
Leather, U.S. Rubber Co.
(WSJ, 1/8/96, p.C-1)(WSJ, 5/28/96, p.R45)
1899 Apr 21, American Tobacco,
Standard Rope & Twine and Laclede Gas Light Co. were removed as
components of the Dow Jones. General Electric was re-instated and
Continental Tobacco, American Steel & Wire and Federal Steel
were added.
(WSJ, 5/28/96, p.R-45,46)
1907 Dec, The US stock market,
spurred by a "bear raid," took a nose-dive and set off a widespread
panic. Many banks failed.
(SFC, 9/30/99, p.E5)
1907 Dec, There was stock
market panic this year when the Knickerbocker Trust Co. failed. J.P.
Morgan took charge and forbade the NY stock market to close and
raised $25 million in 15 minutes to add liquidity. He summoned the
most important bankers to devise a plan to abort the panic and no
depression was induced. Morgan also called on clergymen to preach
sermons of confidence. The crises led the government to create the
Federal Reserve System. Morgan got bankers to agree to settle
accounts among themselves with clearinghouse certificates rather
than cash and thus increased the money supply. The story was later
recounted by John Steele Gordon in his 1999 book "The Great Game."
(SFC,10/27/97, p.B2)(WSJ, 10/7/98, p.A22)(WSJ,
1/11/99, p.R42)(WSJ, 12/13/99, p.A32)
1907 Dec, Banker J.P. Morgan
saved the US financial system by putting his own money on the line
in the Panic of 1907. In the Panic of 1907 J.P. Morgan, who ran US
Steel, bought the Tennessee Coal, Iron & Railroad Co. and
trustbuster Theodore Roosevelt agreed not to object to the buyout.
Elbert H. Gary was the chairman of US Steel.
(WSJ,2/13/97, p.A18)(WSJ, 5/28/96, R45)(WSJ,
7/16/01, p.A10)
1913 Wesley Clair Mitchell,
professor at Columbia, authored “Business Cycles and Their Causes.”
(NW, 10/7/02, p.50)
1916 Oct 4, National Lead, US
Steel (preferred) and Peoples Gas were removed from the Dow Jones.
AT&T was first added to the DJIA.
(WSJ, 5/28/96, R45,46)(WSJ, 4/2/04, p.C1)
1928 Oct 1, American Tobacco
and US Rubber were removed as components of the Dow Jones. They were
replaced by American Tobacco Class B and North American
Co.
(WSJ, 5/28/96, p.R45)
1928 Oct 21, AT&T was
removed from the DJIA.
(WSJ, 4/2/04, p.C1)
1928 The Dow Jones was expanded
to 30 stocks.
(WSJ, 6/3/96, p.C1)
1929 Jan 8, The Dow Jones
Industrials added National Cash Register as a replacement for Victor
Talking Machine.
(WSJ, 4/8/04, p.C4)
1929 Sep 3, The Dow Jones
industrial average closed at 381.17. It was the peak of the bull
market of the 1920s.
(MC, 9/3/01)
1929 Sep 5, Roger Babson
(1875-1967), investment advisor, gave a speech saying, "Sooner or
later a crash is coming, and it may be terrific." Later that day the
stock market declined by about 3%. This became known as the "Babson
Break". The Wall Street Crash of 1929 and the Great Depression soon
followed.
(http://en.wikipedia.org/wiki/Roger_Babson)(Econ,
9/11/10, p.88)(www.babson.com/)
1929 Sep 14, The Dow Jones
Industrials added Curtis-Wright as a replacement for Wright
Aeronautical.
(WSJ, 4/8/04, p.C4)
1929 Oct 24, Black Thursday—the
first day of the stock market crash which began the Great
Depression. Stock values collapsed and 13 million shares changed
hands as small investors frantically tried to sell off their
holdings. Thousands of confused investors and brokers were ruined
and banks, which had also invested heavily in the market, failed
when they could not produce enough cash on demand for angry
depositors. The 3 cent Brooklyn Daily Eagle reported the crash along
with a story on the trial of a former banking superintendent for
taking a $10,000 bribe for not inspecting some insolvent banks.
(HN, 10/24/98)(HNPD, 10/29/98)(SFEC, 7/11/99,
p.D9)
1929 Oct 28, The DJIA dropped
12.8%. Dow Jones plummeted 38.33 pts (13%) to 260.64. Just before
the Great Crash the Ladies Home Journal proclaimed: "Everyone Ought
to Be Rich."
(WSJ, 9/9/96, p.A1)(SFC,10/17/97, p.B2)
1929 Oct 29, The DJIA dropped
11.7%. "Black Tuesday" was the worst day of the market crash as
panicked survivors dumped 16 million shares on the market. Clerical
workers stayed up all night to find that $30 billion in paper value
had been wiped out in one day. Prices collapsed amid panic selling
and thousands of investors were wiped out as America's Great
Depression began. On Wall street prices plunged $14 million. By mid-
November $30 billion of the $80 billion worth of stocks listed in
September were been wiped out. Stocks continued to slide until 1932,
but the fear caused by the crash made Americans unwilling to buy or
invest and the economy slowly worsened into the Great Depression. In
1994 daily trades average 200-300 million shares. In 1954 John
Kenneth Galbraith authored “The Great Crash.” In 2001 Maury Klein
authored "Rainbow’s End: The Crash of 1929."
(SFC,10/17/97, p.B2)(HNPD, 10/29/98)(HN,
10/29/98)(WSJ, 10/26/01, p.A20)(WSJ, 7/19/08, p.W6)
1929 Nov 6, The DJIA dropped
9.9%
(SFC,10/17/97, p.B2)
1929 Dec 31, The DJIA closed
the decade at 248.48.
(WSJ, 4/8/04, p.C4)
1930 Jan 29, North American
Co. was again removed from the Dow Jones and Johns Manville was
added.
(WSJ, 5/28/96, R45)(WSJ, 4/8/04, p.C4)
1930 Jul 18, American Sugar
Refining Company, American Tobacco B, Atlantic Refining, General
Railway Signal, Goodrich, Nash Motors and Curtiss-Wright were
removed as components of the Dow Jones. Borden, Eastman Kodak,
Goodyear, Ligget & Myers, Standard Oil of California, United Air
Transport and Hudson Motor were added to the DJIA.
(WSJ, 4/2/04, p.C1)(WSJ, 4/8/04, p.C4)
1932 Jul 8, The Dow Jones
Industrial Average closed at 41.22, with an intra-day low of 40.56,
its lowest point during the Great Depression.
(WSJ, 11/22/08,
p.B1)(http://en.wikipedia.org/wiki/Dow_Jones_Industrial_Average)
1932 Jul 9, The Dow Jones
Industrial Average closed at 41.63, down 91% from its level exactly
3 years earlier. Trading volume for the day was 235,000 shares.
(WSJ, 10/11/08, p.W1)
1932 May 26, Ligget &
Myers, Mack Trucks, United Air Transport, Paramount Publix, Radio
corp., Texas Gulf Sulphur, National Cash Register and Hudson Motor
were removed from the DJIA. American Tobacco B was re-instated as a
component of the Dow Jones. Drug Inc., Proctor & Gamble, Loew's,
Nash Motors, Int'l. Shoe, Int'l. Business Machines and Coca Cola
were added.
(WSJ, 5/28/96, p. R-45)(WSJ, 4/8/04, p.C4)
1932 Columbia professor Adolf
Berle and researcher Gardiner Means wrote "The Modern Corporation
and Private Property," wherein they argued that with the rise of the
public corporation, the owners had lost control and that managers
had gained the upper hand over small shareholders. They called for
more regulation to check abuses.
(WSJ, 4/18/96, p.C-1)(WSJ, 6/26/02, p.A18)(WSJ,
3/22/04, p.A12)
1933 May 27, The US Federal
Securities Act was signed.
(MC, 5/27/02)
1933 Jul 21, The DJIA dropped
7.8%
(SFC,10/17/97, p.B2)
1933 Aug 15, Drug Inc., and
Int'l. shoe were removed from the DJIA. Corn Products Refining and
United Aircraft were added.
(WSJ, 5/28/96, p. R-45)(WSJ, 4/8/04, p.C4)
1934 Jun 6, US Congress created
the Securities and Exchange Commission (SEC). This was accompanied
by requirements for public companies to disclose information.
(AP, 6/6/97)(WSJ, 3/22/04, p.A12)
1934 Aug 13, United Aircraft
was removed from the DJIA. National Distillers and Chemical Corp.
was added.
(WSJ, 5/28/96, p. R-45)(WSJ, 4/8/04, p.C4)
1935 Nov 20, Borden and Coca
Cola were removed from the DJIA. Du Pont and National Steel were
added.
(WSJ, 4/8/04, p.C4)
1937 Jan 8, Nash Motors, a
component of the Dow Jones, changed its name to Nash Kelvinator.
(WSJ, 4/8/04, p.C4)
1939 Mar 14, Nash Kelvinator
and IBM were removed from the DJIA. AT&T was again added to the
DJIA along with United Aircraft.
(WSJ, 4/2/04, p.C4)
1939 Dec 31, The DJIA closed
the decade at 150.24.
(WSJ, 4/8/04, p.C4)
1954 Dec 29, The Dow Jones
cleared the 400 barrier for the first time. It took 25 years for the
Dow to return to pre-crash levels.
(WSJ, 5/20/96, p.C-1)(WSJ, 1/11/99, p.R42)
1955 Sep 26, The New York Stock
Exchange suffered $44 million loss, the heaviest one-day loss in
history following word that President Dwight D. Eisenhower had
suffered a heart attack.
(AP, 9/26/03)
1956 Jul 3, Loew's was removed
from the DJIA and International Paper was added as a component of
the Dow Jones.
(WSJ, 5/28/96, p. R46)(WSJ, 4/8/04, p.C4)
1959 Apr 22, Texas Co. became
Texaco.
(WSJ, 4/8/04, p.C4)
1959 Jun 1, American Smelting
& Refining, Corn Products Refining, National Steel and National
Distillers & Chemical Corp. were removed from the DJIA. Anaconda
Copper, Swift & Co., Aluminum Co. of America and Owens-Illinois
Glass were added as a components of the Dow Jones.
(WSJ, 5/28/96, p. R-45,46)(WSJ, 4/8/04, p.C4)
1959 Dec 31, The DJIA closed
the decade at 679.36.
(WSJ, 4/8/04, p.C4)
1960 Jan, The US stock market
began a 10 month decline of 16%.
(SFC,10/17/97, p.B2)
1962 May, The stock market
decline coincided with Pres. Kennedy’s attack on the steel industry
and Attorney General Kennedy’s antitrust suits against numerous
American industries.
(SFC,10/27/97, p.B2)
1964 Dec 31, The DJIA ended at
874.1.
(Econ, 10/18/08, p.86)
1965 A long term bear market
began in the US that lasted to 1982. The following bull market ran
to 2000.
(Econ, 10/18/08, p.86)
1968 Dec 4, The US stock market
began a 18 month decline of 44%.
(www.stockmarketcycles.com/sign_of_the_bear.htm)
1969 Donaldson, Lufkin and
Jenrette decided to take their investment bank public thereby
forcing the NY Stock Exchange to abandon restrictions on public
ownership of member firms.
(WSJ, 5/2/05, p.C1)
1972 Nov 1, Standard Oil (NJ)
became Exxon.
(WSJ, 4/8/04, p.C4)
1972 Nov 14, The Dow Jones
Industrial Average closed above 1,000 for the first time, ending the
day at 1,003.16.
(HFA, '96, p.18)(AP, 11/14/97)
1973 Jan 11, The Dow Jones
Industrials hit a peak of 1051.70. The market then began a 24 month
decline of 46%.
(WSJ, 11/4/96, p.C1)(SFC,10/17/97, p.B2)
1973 May 30, Swift & Co.
became Esmark.
(WSJ, 4/8/04, p.C4)
1973 Nov 19, New York stock
market took its sharpest drop in 19 years.
(HN, 11/19/98)
1973 Burton Malkiel of
Princeton Univ. wrote his influential book: “A Random Walk Down Wall
Street.” Here he explained the “efficient market theory.” “A
blindfolded monkey throwing darts… could select a portfolio… as well
as… experts.”
(WSJ, 10/7/98, p.C1)(WSJ, 4/18/02, p.C1)
1974 Mar 13, The Dow Jones
dropped to 577.60.
(WSJ, 7/22/96, p.B1)(http://tinyurl.com/4uu3s9)
1974 Dec 31, The Dow Jones
closed the year at 616.
(Econ, 10/18/08, p.86)
1975 May 1, The US brokerage
industry, acting on a mandate by the SEC, deregulated commissions.
(SSFC, 5/1/05, p.E3)
1975 May 1, United Aircraft
became United Technologies Corp.
(WSJ, 4/8/04, p.C4)
1976 Apr 21, International
Nickel became Inco.
(WSJ, 4/8/04, p.C4)
1976 Aug 9, Anaconda Copper was
removed from the DJIA and Minnesota Mining & Manufacturing was
added as a component of the Dow Jones.
(WSJ, 4/8/04, p.C4)
1976 The obsession with
shareholder value began this year when economists Michael Jensen and
William Meckling published their article “Theory of the Firm:
Managerial Behavior, Agency costs and Ownerships Structure.”
(Econ, 4/24/10, p.65)
1978 Charles P. Kindleberger
authored “Manias, Panics, and Crashes: A History of Financial
Crises.
(WSJ, 7/25/02, p.A1)
1979 Jun 29, Chrysler and
Esmark were removed from the DJIA and International Business
Machines and Merck were added as components of the Dow Jones.
(WSJ, 4/8/04, p.C4)
1979 Dec 31, The DJIA closed
the decade at 838.74.
(WSJ, 4/8/04, p.C4)
1982 Aug 18, For the first
time, volume on the New York Stock exchange topped the $100 million
level as 132.69 million shares were traded.
(AP, 8/18/02)
1982 Aug 30, Manville Corp. was
removed from the DJIA and American Express was added as components
of the Dow Jones.
(WSJ, 4/8/04, p.C4)
1983 Apr 26, Dow Jones
Industrial Average broke 1,200 for first time.
(440 Int’l. Internet, 4/26/97, p.3)(HN, 4/26/98)
1984 Jul 2, Standard Oil of
California was renamed Chevron.
(WSJ, 4/8/04, p.C4)
1984 Aug 3, Some 365.7 million
shares traded in NY Stock Exchange.
(SC, 8/3/02)
1984 Jan 4, The new AT&T
replaced the old AT&T as a component of the DJIA.
(WSJ, 4/8/04, p.C4)
1985 Oct 30, General Foods and
American Brands (American Tobacco B) were removed from the DJIA and
McDonald's Corp. and Philip Morris were added as components of the
Dow.
(WSJ, 4/8/04, p.C4)
1986 Feb 20, Int'l. Harvester
was renamed Navistar Int'l. Corp.
(WSJ, 4/8/04, p.C4)
1986 Jul 8, US Steel was
renamed USX Corp.
(WSJ, 4/8/04, p.C4)
1986 Sep 11, The Dow Jones
Industrial Average (DJIA) suffered its biggest 1-day decline ever,
plummeting 86.61 points to 1,792.89. 237.57 million shares were
traded. [see Oct 19, 1987]
(MC, 9/11/01)
1987 Jan 8, For the first time,
the Dow Jones industrial average closed above 2,000, ending the day
at 2002.25.
(AP, 1/8/98)
1987 Jan, The S&P 500 Index
rose a record 13% this January.
(SSFC, 1/5/03, p.G5)
1987 Mar 12, Owens-Illinois
Glass and Inco were removed from the DJIA and Coca-Cola and Boeing
were added as components of the Dow.
(WSJ, 4/8/04, p.C4)
1987 Apr 3, Stock prices
rocketed on Wall Street as the Dow Jones industrial average soared
69.89 points, ending the day at a record 2,390.34.
(AP, 4/3/97)
1987 Apr 6, The Dow Jones
industrial average closed above 2,400 for the first time.
(AP, 4/6/97)
1987 Apr 29, American Can was
renamed Primerica Corp.
(WSJ, 4/8/04, p.C4)
1987 Aug 13, On the fifth
anniversary of a bull market, the Dow Jones industrial average
closed at 2,691.49 after briefly surpassing 2,700.
(HN 8/13/97)
1987 Aug 17, The DJIA closed
above 2,700 for 1st time (2,700.57).
(SC, 8/17/02)
1987 Aug 25, Dow Jones
industrial stock avg. reached a record 2722.42.
(chblue.com, 8/25/01)
1988 Sep 7, The Security &
Exchange Commission accused Drexel of violating security laws.
(MC, 9/7/01)
1988 Dec 16, Primerica Corp.
merged into Commercial Credit Group, which adopted the Primerica's
name.
(WSJ, 4/8/04, p.C4)
1989 May 19, On Wall Street,
the Dow Jones Industrial Average passed the 2500 mark, ending the
day at 2,501.10.
(AP, 5/19/99)
1989 Dec 31, The Japanese
Nikkei Index peaked at 38,915. The DJIA closed the decade at
2753.20.
(WSJ, 9/5/01, p.C1)(WSJ, 4/8/04, p.C4)
1990 Jan 2, On Wall Street, the
Dow Jones Industrial Average ended the day above 2,800 for the first
time, at 2,810.15.
(AP, 1/2/00)
1990 May 29, Dow Jones average
hits a record 2,870.49.
(SC, 5/29/02)
1991 Apr 17, The Dow Jones
industrial (DJIA) average closed above three-thousand for the first
time, ending the day at three-thousand-four-point-46.
(AP, 4/17/01)
1991 May 6,
Navistar Int'l., USX, and Primerica were removed from the DJIA. J.P.
Morgan, Walt Disney and Caterpillar were added to the Dow Jones.
(WSJ, 6/3/96, p.C1)(WSJ, 4/8/04, p.C4)
1991 Dec 26, On Wall Street,
the Dow Jones industrial average rose to a then-record high of
3082.96.
(AP, 12/26/01)
1992 Jan 3, The Dow Jones
industrial average closed above 3,200 for the first time, ending the
day at 3,201.48.
(AP, 1/3/02)
1992 Apr 17, Federal Reserve
Chairman Alan Greenspan told the Senate Banking Committee the modest
pace of economic expansion wasn't adequate, a remark interpreted as
a signal he might cut interest rates further.
(AP, 4/17/97)
1993 Feb 16, Prices fell as
Wall Street reacted unfavorably to President Clinton's economic
austerity plan outlined in a White House address the night before.
(AP, 2/16/98)
1993 Mar 8, On Wall Street, the
Dow Jones industrial average soared to a record high, climbing 64.84
to end the day at 3,469.42.
(AP, 3/8/98)
1993 May 19, Dow Jones closed
above 3,500 For the first Time (3,500.03).
(DTnet, 5/19/97)
1993 May 27, The House of
Representatives approved a massive deficit-reduction, tax-increase
bill by a vote of 219-213.
(AP, 5/27/98)
1994 Jan 21, Dow Jones passed
3900 to a record 3,914.20.
(MC, 1/21/02)
1994 Apr 4, On Wall Street,
stocks plummeted in violent spasms of selling that sent the Dow
industrial down more than 40 points to a six-month low.
(AP, 4/4/99)
1994 Apr 20,
American Telephone & Telegraph became AT&T Corp.
(WSJ, 6/3/96, p.C1)(WSJ, 4/8/04, p.C4)
1994 Nov 15, The Federal
Reserve increased key interest rates by 0.75 percent, the largest
hike in 13 years.
(AP, 11/15/99)
1995 Feb 23, The Dow Jones
industrial average closed above the 4,000 mark for the first time,
ending the day at 4,003.33.
(WSJ, 12/16/96, p.C1)(AP, 2/23/00)
1995 Apr 24, Dow Jones Index
hit a record 4303.98.
(MC, 4/24/02)
1995 Jul 19, The Dow Jones
industrial average ended at 4628.87, down 57.41, after plunging more
than 130 points earlier in the session.
(AP, 7/19/00)
1995 Nov 21, The Dow Jones
Industrials in the US closed above 5000 for the first time to
5023.55.
(WSJ, 11/22/95, p.A-1)(AP, 11/21/97)
1995 Dec 18, The Dow
industrials dropped 101.52 points, its biggest one-day loss in four
years amid investor worries over the budget stalemate between
Congress and President Clinton.
(AP, 12/18/00)
1996 Mar 8, Wall Street
plummeted in a major sell off triggered by seemingly good economic
news—a drop in the nation’s unemployment rate and the biggest jobs
gain in more than a decade. Investors apparently worried that a
stronger economy would mean no more interest rate cuts from the
Federal Reserve.
(AP, 3/8/01)
1996 Mar 11, On Wall Street,
the Dow Jones industrial average rose 110.55 to end the day at 5581
following a 171.24-point plunge the Friday before.
(AP, 3/11/01)
1996 Apr 8, Stock prices
plunged on Wall Street amid concerns over stronger-than-expected
employment data. The Dow Jones industrial average fell 88.51 to end
at 5,594.37.
(AP, 4/8/97)
1996 Jul 15, The stock market
took a tumble. The Nasdaq index dropped 43.11 points, its 2nd
largest decline since 10/19/87 when it dropped 46.12 points.
(SFC, 7/16/96, p.A1)
1996 Aug 2, Wall Street
investors, worried about possible interest rate increases, roared
their approval after the government reported that unemployment was
creeping higher, consumer spending had slipped and manufacturing may
have stalled.
(AP, 8/2/97)
1996 Sep 13, The stock market
hit a new record of 5,838.52 on the Dow.
(SFC, 9/14/96, p.A1)
1996 Dec 5, Alan Greenspan
warned that investors could be succumbing to “irrational
exuberance.” Nasdaq closed at 1300.12.
(WSJ, 7/24/02, p.A1)
1997 Feb 3, The US stock market
initiated new “circuit breakers.” The first stop would kick in after
a 350-point drop in the DJ industrial average.
(WSJ, 2/3/97, p.A12)
1997 Feb 13, On Wall Street,
the Dow Jones industrial average broke through the 7,000 barrier for
the first time, ending the day at 7,022.44.
(AP, 2/13/98)
1997 Mar 14, The Dow Jones
Industrial Average was updated with 4 new companies. Bethlehem
Steel, Texaco, Westinghouse Electric and Woolworth were taken off
the list and replaced by Hewlett-Packard, Wal-Mart Stores, Johnson
& Johnson, and the Travelers Group.
(SFC, 3/13/97, p.A1,15)(WSJ, 4/8/04, p.C4)
1997 Jun 2, The NASDAQ Stock
Exchange began trading in 1/16th-point increments.
(WSJ, 5/30/97, p.C1)
1997 Jun 16, The Dow Jones
Industrial Average climbed above 8,000 for the 1st time.
(SSFC, 2/2/03, p.I4)
1997 Aug 6, The Dow Jones
reached an all-time high at 8,259.31.
(SFC, 8/16/97, p.A1)
1997 Aug 15, The Dow Jones
dropped 247 points in its 2nd biggest point loss session ending at
7,694.66.
(SFC, 8/16/97, p.A1)
1997 Sep 2, The US stock market
made a record 257 point gain.
(SFC, 9/3/97, p.B1)
1998 Jan 9, The US Dow Jones
stock market average dropped 222 points or 2.9% over fears about the
financial crises in Asia.
(SFC, 1/10/98, p.A1)
1998 Jan 12, Stocks plunged 222
points on the Dow Jones to 7580. [see Jan 9]
(WSJ, 1/4/98, p.R4)
1998 Feb 13, The Dow Jones rose
to another record high of 8,370.1.
(SFC, 2/14/98, p.D1)
1998 Apr 3, The Dow Jones
industrial average climbed above 9,000 for the first time, but
finished with a 3.23 point drop at 8,983.41.
(AP, 4/3/03)
1998 Apr 6, The Dow Jones
industrial average closed above 9,000 for the first time.
(CNBC, 4/6/98)(AP, 4/6/99)
1998 Jul 23, The Pacific Stock
Exchange announced an agreement to merge with the Chicago Board of
Options Exchange.
(SFC, 7/24/98, p.A1)
1998 Aug 27, The DJIA fell 350
points and markets around the world fell in response to the problems
in Russia.
(SFC, 8/28/98, p.A1)
1998 Aug 31, The DJIA fell 512
points, 6.37%, while the NASDAQ fell a record 140 points to 1499
amid news of political chaos in Russia and North Korea's apparent
firing of a missile over part of Japan.
(WSJ, 9/2/98, p.A1)(AP, 8/31/99)
1998 Sep 1, The DJIA rebounded
288 points and the stock market set an all-time trading volume
record with 1.201 billion shares traded on the NYSE.
(SFC, 9/2/98, p.A1)
1998 Oct 8, On Wall Street, the
Dow Jones Industrial Average continued falling and was down 275
points at one time but rallied to close down only 10 points at
7731.91. The market turned on news that interest rates would come
down.
(http://tinyurl.com/r9vh7)(http://tinyurl.com/la2wq)
1999 Oct 19, Travelers Group
became Citigroup Inc.
(WSJ, 4/8/04, p.C4)
1998 Nov 23, The Dow Jones hit
a new record high at 9,374.27.
(SFC, 11/24/98, p.A1)
1999 Jan 4,
Aluminum Co. of America became Alcoa.
(WSJ, 4/8/04, p.C4)
1999 Mar 16, The Dow Jones
industrial average briefly topped the 10,000 level, reaching a high
of 10,001.78 before retreating.
(AP, 3/16/00)
1999 Mar 29, The Dow Jones
broke the 10,000 level and closed at 10,006.
(SFC, 3/30/99, p.A1)
1999 May 3, The Dow Jones
industrial average closed above 11,000, just 24 trading days after
passing 10,000.
(AP, 5/3/00)
1999 May 7, The Dow Jones
closed at a record 11,031.59.
(SFC, 5/8/99, p.D8)
1999 Aug 23, The Dow Jones
industrial average soared 199.15 to a new record of 11,209.84.
(AP, 8/23/00)
1999 Nov 1,
Chevron, Goodyear Tire & Rubber Co., Union Carbide and Sears
Roebuck were removed from the DJIA. Microsoft, Intel, SBC
Communications and Home Depot were added to the Dow Jones.
(WSJ, 4/8/04, p.C4)
1999 Dec 1,
Exxon became Exxon Mobil.
(WSJ, 4/8/04, p.C4)
1999 Dec 2,
Allied Signal became Honeywell Int'l. after merging with Honeywell.
(WSJ, 4/8/04, p.C4)
1999 Dec 31, The DJIA closed
the decade at 11,497.12.
(WSJ, 9/5/01, p.C1)(WSJ, 4/8/04, p.C4)
2000 Jan 14, The Dow Jones
reached a peak high.
(NW, 3/17/03, p.44)
2000 Mar 7, The DJIA fell 374
points in its 4th largest decline ever. The Nasdaq composite crossed
the five-thousand mark for the first time before retreating.
(SFC, 3/8/00, p.A19)(AP, 3/7/01)
2000 Mar 9, The US NASDAQ
market reached a record 5,000, ten weeks after passing 4,000.
(SFC, 3/10/00, p.A1)
2000 Mar 10, Nasdaq reached a
record high at 5048.62.
(NW, 3/17/03, p.44)
2000 Mar 16, The DJIA rose a
record 499.19 points to close at 10,630.6. the previous record of
380.53 was set on Sep 9, 1998. The DJIA reached a high of 10,001.78
before retreating.
(SFC, 3/17/00, p.A1)(AP, 3/16/01)
2000 Apr 3, The Nasdaq plunged
349 points while the Dow rose 300.
(SFC, 4/4/00, p.A1)
2000 Apr 4, In a volatile day
on the US stock market, the Nasdaq composite index and the DJIA each
plunged 554 points before but recovered with a loss of 74.79 as
buyers flooded back into the market. The Dow fell 504 but recovered
with a net loss of 57.
(SFC, 4/5/00, p.A13)(AP, 4/4/01)
2000 Apr 12, Terayon
Communications stock plunged 26% to 119.75. It had peaked 2 days
earlier at $277.62.
(SSFC, 11/9/03, p.A20)
2000 Apr 13, Shareholders led
by Edward Rose III of Dallas filed a 58-page suit against the
Terayon Communications for securities fraud, one day after the stock
fell 26%. Rose, a short seller and founder of Cardinal Investment
Co. had partnered with George Bush in the 1989 bid for the Texas
Rangers.
(SSFC, 11/9/03, p.A20)
2000 Apr 14, US stock markets
plunged with the Dow down 617.78 to 10305.77 and the Nasdaq down
355.49 to 3321.29. Inflation fears were cited. This capped one of
the worst weeks ever for US stocks. In Washington, protesters dumped
manure on Pennsylvania Avenue, seeking to disrupt meetings of the
World Bank and International Monetary Fund.
(SFC, 4/15/00, p.A1)(AP, 4/14/01)
2000 Apr 18, The Nasdaq gained
254.41 (7.19%) to 3793.57 for its biggest point gain ever.
(WSJ, 4/19/00, p.C1)
2000 May 23, The US Nasdaq
market fell 6% to 3,164.55.
(SFC, 5/24/00, p.A1)
2000 Dec 19, US stocks fell
sharply as the Federal Reserve left the interest rate unchanged at
6.5%. Nasdaq fell 112 to 2,511.
(SFC, 12/20/00, p.B1)
2000 Dec 20, US stock fell
sharply. Nasdaq dropped 178 to 2,332, while the Dow dropped 265 to
10,318.
(SFC, 12/21/00, p.A1)
2001 Jan 2, J.P. Morgan became
J.P. Morgan Chase after merging with Chase Manhattan.
(WSJ, 4/8/04, p.C4)
2001 Jan 3, The Federal Reserve
reduced interest rates by a half % and sent the Nasdaq up 324 points
to 2616. The Dow rose 299 to 10,945.
(SFC, 1/4/01, p.A1)
2001 Feb, Arthur Levitt,
chairman of the US Securities and Exchange Commission, retired. In
2002 he authored “Take on the Street: What Wall Street and corporate
America Don’t Want You to Know.”
(WSJ, 10/4/02, p.W1)
2001 Mar 9, The DJIA fell
213.63 to 10,644, while the Nasdaq fell almost 116 to close at 2052.
Intel and Cisco announced thousands of job cuts.
(SFC, 3/10/01, p.A1)
2001 Mar 12, The DJIA fell 436
to 10,208. The Nasdaq fell 129 to 1923. The 61% Nasdaq drop since
Mar 10, 2000, was the largest in its 30 year history.
(SFC, 3/13/01, p.A1)
2001 Mar 14, The DJIA fell 317
to close at 9,973. The Nasdaq fell 42 to close at 1,972.
(SFC, 3/15/01, p.A1)
2001 Mar 20, The US Federal
Reserve lowered interest rates 0.5% but stocks dropped. The DJIA
fell 238 to 9,720; the Nasdaq fell 93 to 1,857.
(SFC, 3/21/01, p.A1)
2001 Apr 3, The DJIA fell 292
to 9,485. The Nasdaq fell almost 110 to 1,673.
(SFC, 4/4/01, p.A1)
2001 Apr 5, The DJIA rose 402
to 9,918, its 2nd largest point gain ever. The Nasdaq rose 146 to
1,785, its 3rd biggest % increase.
(SFC, 4/6/01, p.A1)
2001 Apr 9, The WSJ noted that
his was the 10th time since WW II that the S&P 500 dropped by
20% or more. 9 of the previous occasions showed an average gain of
18% a year later. In 1973, however, stocks fell an additional 35%.
(WSJ, 4/9/01, p.A1)
2001 Apr 9, The Nasdaq 4,880
stocks completed pricings to dollars and cents instead of fractions.
(WSJ, 4/9/01, p.C9)
2001 Apr 10, The DJIA went up
257 to 10,102. The Nasdaq increased 106 to 1,852.
(SFC, 4/11/01, p.B1)
2001 Apr 27, The US GDP was
reported at 2% growth due to buying by American consumers. The DJIA
rose 117 to 10,810. The Nasdaq rose 40 to 2,075.
(SFC, 4/28/01, p.A1)
2001 May 4, The US unemployment
rate went up .2% to 4.5%, its highest level in 2 ½ years. The
DJIA rose 154 to 10,951. The Nasdaq rose 45 to 2,191.
(SFC, 5/5/01, p.A1)
2001 May 16, The DJIA rose 342
to 11,215. The Nasdaq rose 80 to 2,166.
(SFC, 5/17/01, p.B1)
2001 May 25, It was reported
that the US economy grew a revised 1.3% from Jan. to March. The DJIA
dropped 117 to 11,005. Nasdaq dropped 31 to 2,251.
(SFC, 5/26/01, p.E1)
2001 Nov 6, The Federal Reserve
lowered interest rates for the 10th time this year. The half point
drop put the benchmark fed funds rate to 2% and the discount rate to
1.5%, its lowest level in 40 years. The DJIA rose 150 to 9591. The
Nasdaq rose 41 to 1835.
(SFC, 11/7/01, p.B1)(WSJ, 11/7/01, p.A2)(AP,
11/6/02)
2001 Dec 5, The DJIA gained 129
to finish above 10,000 for the 1st time in 3 months.
(SFC, 12/30/01, p.D8)
2001 Dec 11, The US Federal
Reserve cut short-term interest rates by .25% to 1.75% in the 11th
cut this year. The Dow rose 33 to 9888. the Nasdaq 9 to 2001.
(WSJ, 12/12/01, p.A1)
2002 Jan 30, The US Federal
Reserve finished a 2-day meeting and did not change short-term
interest rates. The DJIA rose 144 to 9,762. Nasdaq rose 20 to 1,913.
(SFC, 1/31/02, p.A1)
2002 Apr 8, Minnesota Mining
& Manufacturing became 3M.
(WSJ, 4/8/04, p.C4)
2002 Apr 18, The WSJ announced
the and of its expert vs. dartboard portfolio following a 14-year
contest.
(WSJ, 4/18/02, p.c1)
2002 Jul 10, The Dow Jones fell
282 to 8,813.5 and Nasdaq closed down 35 to 1,346.
(SFC, 7/11/02, p.A1)
2002 Jul 19, The Dow Jones
industrials dipped below their post-terrorist attack lows in a
390-point sell-off.
(AP, 7/19/03)
2002 Jul 22, The DJIA fell
almost 234 points to 7,785. Nasdaq fell 3% to 1,283.
(SFC, 7/23/02, p.A1)(WSJ, 7/23/02, p.A1)
2002 Jul 23, The DJIA fell 82
to 7702. The Nasdaq fell 53 to 1229.
(WSJ, 7/24/02, p.C1)
2002 Jul 24, The DJIA rose 488
to 8,191 and Nasdaq rose 61 to 1,290.
(SFC, 7/25/02, p.A1)
2002 Jul 29, The DJIA rose 447
points to 8,711. It was the 3rd largest point gain in Dow history.
Nasdaq rose 73 to 1,335.
(SFC, 7/30/02, p.A1)
2002 Sep 3, The DJIA fell 355
to 8308. Nasdaq fell 51 to 1263.
(WSJ, 9/4/02, p.A1)
2002 Sep 27, The DJIA fell 295
to 7701.45. Nasdaq fell 22.45 to 1199.16.
(SFC, 9/28/02, p.B1)
2002 Sep 30, The DJIA fell 109
to 7591.90. The Nasdaq fell 27.1 to 1,172.
(SFC, 10/1/02, p.B1)
2002 Oct 4, The DJIA fell 188
to 7,528. Nasdaq fell 25 to 1,139.
(SFC, 10/5/02, p.B1)
2002 Oct 9, The DJIA fell 215
to 7,286. Nasdaq fell 15 to 1,114.
(SFC, 10/10/02, p.B1)
2002 Oct 10, The DJIA
rose 247 to 7,533.95. Nasdaq rose 49 to 1,163.
(SFC, 10/11/02, p.B1)
2002 Nov 6, The US Federal
Reserve cut interest rates .5% from 1.75 to 1.25. The Dow rose 92 to
8771 and Nasdaq rose 17 to 1418.99.
(SFC, 11/7/02, p.A22)
2002 Nov 27, The DJIA rose 255
to 8,931. Nasdaq rose 43 to 1,487.
(SFC, 11/28/02, p.B1)
2003 Jan 27, Philip Morris
became Altria Group.
(WSJ, 4/8/04, p.C4)
2003 Jan, The S&P 500 Index
moved higher 36 times in January while falling 21 times since the
end of WW II.
(SSFC, 1/5/03, p.G5)
2003 Feb 11, Federal Chairman
Alan Greenspan said that Pres. Bush’s tax cut would increase the
federal budget deficits and voiced opposition.
(SFC, 2/12/03, p.A1)
2003 Mar 11, The DJIA fell 44
to 7524, the lowest level of the year, on war concerns and bad
corporate news.
(WSJ, 1/2/04, p.R8)
2003 Mar 31, The DJIA fell 153
to 7992.
(SFC, 4/1/03, p.C1)
2003 Nov 7, The Cincinnati
Stock Exchange, located in Chicago, renamed itself the National
Stock Exchange. The CBOE owned 68% of it.
(Econ, 11/15/03, p.69)
2003 Dec 11, The DJIA closed
over 10,000 (10,008) for the 1st time in over 18 months.
(WSJ, 1/2/04, p.R12)
2003 Dec 18, The NYSE named
John Thain, president of Goldman Sachs, as CEO.
(WSJ, 1/2/04, p.R12)
2004 Mar 2, Alan Greenspan said
interest rates are too low for long term economic stability, but did
not indicate when they would be raised. The DJIA closed at 10,592.
(WSJ, 3/3/04, p.A3)
2004 Mar 10, The DJIA tumbled
for a 3rd session, down 160 to 10,296.
(SFC, 3/11/04, p.C1)
2004 Apr 1, The DJIA removed
AT&T, Kodak and Int'l. Paper and added American Int'l. Group,
Pfizer and Verizon Comm.
(WSJ, 4/2/04, p.C1)
2004 Apr 2, The US Labor Dept.
reported a 308,000 increase in jobs along with a rise in
unemployment from 5.6 to 5.7%. The DJIA rose 97 points in response
to close at 10,470.
(SFC, 4/3/04, p.A1)
2004 Aug 6, US payroll data
fell far short of expectations and sent the US and British markets
crashing to the floor. New July jobs totaled 32,000. The Dow plunged
147 points to a new 2004 low of 9815.33.
(AP, 8/6/04)(SFC, 8/7/04, p.C1)(WSJ, 8/9/04,
p.A1)
2004 Nov 4, Pres. Bush laid out
plans to revamp taxes and social security. The DJ jumped 177 to
close at 10314.76.
(WSJ, 11/5/04, p.A1)
2004 Nov 5, The DJ rose 72 to
10,387. The euro reached a new high of 1.2962 to the dollar. The US
dollar fell to an all-time low against the euro as EU political
leaders signaled they have no unified plan to stem the rise in their
five-year-old currency.
(SFC, 11/5/04, p.C1)(AP, 11/5/04)
2004 Nov 19, Federal Reserve
Chairman Alan Greenspan warned about spiraling deficits and the
impact on the declining dollar. The Dow Jones fell 115 to 10456.9.
(SFC, 11/20/04, p.C1)
2004 Roger Lowenstein authored
"Origins of the Crash: The Great Bubble and Its Undoing."
(SSFC, 2/1/04, p.M3)
2004 Maggie Mahar authored
"Bull! A History of the Boom, 1982-1999: What Drove the Breakneck
Market, and What Every Investor Needs to Know about Financial
Cycles."
(SSFC, 2/1/04, p.M3)
2005 Mar 4, The DJIA rose 107
to 10,940, its highest level since June, 2001.
(SFC, 3/5/05, p.A10)
2005 Apr 1, Oil prices closed
on Nymex at a record $57.27 per barrel sending the DJIA down 99
points to 10,404.
(SFC, 4/2/05, p.A1)
2005 Apr 14, The DJIA dropped
125.18 to close at 10,278.75, the worst close since Nov 3, 2004. Oil
futures closed at $51.13. The US dollar strengthened against other
currencies.
(SFC, 4/15/05, p.C3)
2005 Apr 15, The DJIA dropped
191 to close at 10,087, the worst close since May 19, 2003.
(SFC, 4/16/05, p.A1)
2005 Apr 20, The US government
said consumer prices jumped 0.6 percent in March, the biggest
inflation surge in 5 months, as the costs of energy, clothing and
airline fares all rose sharply. The DJIA fell 115.5 to 10,012.36.
(AP, 4/20/05)(SFC, 4/21/05, p.C1)
2005 Apr 20, The NYSE, in a
move toward computerized trading, agreed to buy Archipelago Holdings
of Chicago in a reverse merger. The new company, to be called NYSE
Group was valued at $3.5 billion.
(WSJ, 4/21/05, p.A1)
2005 Apr 22, The Nasdaq Stock
Market said it will buy Instinet Group’s electronic trading network
for $934.5 million.
(SFC, 4/23/05, p.C1)
2006 Jan 3, The US DJIA rose
129.91 to 10847.41 on expectations for an end to interest rate
increases based the release of minutes from the Federal Reserve
meeting in December.
(WSJ, 1/4/06, p.A1)
2006 Jan 9, The US DJIA rose
52.59 to close at 11,011.9, its 1st close above 11,000 since Jun 7,
2001.
(SFC, 1/10/06, p.E1)
2006 May 5, The DJIA rose 138
points to a 6-year high. A report of modest job growth triggered
hopes that the Federal Reserve will soon end interest rate hikes.
(SFC, 5/6/06, p.C1)
2006 Jun 5, Federal Reserve
Chairman Ben Bernanke warned of concern on core inflation. His
remarks knocked the DJIA down 199 points to 11,048.72.
(SFC, 6/6/06, p.C1)
2006 Jul 12, The Dow Jones fell
121 to 11013 and NASDAQ closed down 38 to 2,090.
(SFC, 7/13/06, p.C1)
2007 Jul 17, The Dow Jones
industrial average crossed 14,000 for the first time before ending
the day at 13,918.22.
(AP, 7/17/08)
2007 Sep 18, The US Federal
Reserve lowered interest rates by half a point triggering a rise in
the DJIA of 336 points. The Dow close at 13,739.39. The federal
funds rate was lowered to 4.75% and the discount rate was lowered to
5.25%.
(SFC, 9/19/07, p.C1)(WSJ, 9/19/07, p.A1)
2007 Oct 31,
The US Federal Reserve cut interest rates by a quarter point
to 4.5%. The DJIA rose 137.54 to 13,930.01. Nasdaq rose 42.41 to
2,859. Oil futures rose to a new record high closing at $94.53 per
barrel on the NY mercantile Exchange. Gold traded above $800 an
ounce for the first time since 1980.
(SFC, 11/1/07, p.C1)(WSJ, 11/1/07, p.C1)(AP,
10/31/08)
2007 Nov 12, The Dow Jones
industrial average closed below 13,000 for first time since August
2007.
(AP, 11/12/08)
2008 Jan 4, The US Labor
Department said hiring practically stalled in December, driving the
nation's unemployment rate up to a two-year high of 5 percent and
fanning fears of a recession. The DJIA fell 256.54 to 12800.18.
(AP, 1/4/08)(WSJ, 1/5/08, p.A1)
2008 Mar 11, The US Federal
Reserve and other central banks said they will pump $200 billion
into the financial markets to help ease the strain from the credit
crisis. Wall Street rebounded with its biggest rally since 2002 at
the DJIA rose 416.66 to 12,156.81
(AP, 3/11/08)(SFC, 3/12/08, p.B1)
2008 Mar 18, The US Federal
Reserve approved a .75% cut in the federal funds rate to 2.25%. This
was aimed at shoring up the US financial system shaken by huge
losses in the housing market. The DJIA responded with a gain of
420.41 to close at 12,392.66.
(SFC, 3/19/08, p.C1)
2008 Sep 29, The US House of
Representatives rejected the Bush administration’s $700 billion
emergency rescue plan. Democrats voted 140 to 90 in favor, while
Republicans voted 133-65 against the plan. The Dow Jones industrial
average lost 777.68 points, its biggest single-day fall ever, easily
beating the 684 points it lost on the first day of trading after the
Sept. 11, 2001, terrorist attacks. Crude oil futures closed down
$10.52 in their biggest decline since Jan 17, 1991, when the US
opened strategic oil reserves during the first Gulf war.
(AP, 9/29/08)(SFC, 9/30/08, p.A1)(WSJ, 9/30/08,
p.C8)(Econ, 10/4/08, p.30)
2008 Oct 3, The US House of
Representatives voted 263-171 for the $700 billion economic rescue
plan and Pres. Bush quickly signed the bill. Wall Street fell 157
points to 10,325.38, its lowest close since October 2005, as more
economic bad news was made public.
(AP, 10/4/08)(WSJ, 10/4/08, p.B1)
2008 Oct 6, Stock markets
around the world fell on fears that the global financial crises will
worsen. The DJIA fell 800.06 intraday ending down 369.88 to close at
9555.50. Oil prices closed at $87.81, its lowest settlement since
February 6.
(SFC, 10/7/08, p.D3)(WSJ, 10/5/08, p.C3)
2008 Oct 10, Global stocks dove
head first to five-year lows at the end of a brutal week as even the
traditional safe-havens of gold and government bonds suffered as
fear-stricken investors sought refuge in cash. The DJIA fell 128 to
close at 8451.19 in its most volatile day ever. Oil on the NY
mercantile Exchange fell over 10% to close at $77.70 a barrel, its
lowest level in over a year.
(Reuters, 10/10/08)(SFC, 10/11/08, p.C1)
2008 Oct 13, Stock markets
rejoiced after governments worldwide launched multibillion-dollar
bailouts to shore up banks, and Britain called for a new Bretton
Woods agreement to reshape the world financial system. The US
Central Bank said it would provide unlimited dollars the European
Central Bank, the Bank of England and the Swiss National Bank.
Britain committed £37 billion ($64 billion) to capitalize its
big banks. Wall Street rebounded with the biggest stock rally since
the Great Depression. The DJIA rose 936 points to close at 9,387.61,
its largest point gain ever and one of its largest percentage
increases.
(Reuters, 10/13/08)(SFC, 10/14/08, p.A1)(WSJ,
10/14/08, p.A3)(Econ, 10/18/08, p.83)
2008 Oct 20, The DJIA rose
413.21 points as Federal Reserve Chairman Ben Bernanke tentatively
endorsed a new stimulus package.
(SFC, 10/21/08, p.A1)
2008 Oct 22, The DJIA tumbled
514.45 to close at 8519.21, its 7th biggest point drop in history,
as investors believed that the global economy is heading into a deep
recession. Hungary’s central bank raised interest rates by 3 points,
from 8.5% to 11.5%, to prevent a run on its currency. Argentine and
Brazilian stock markets each fell about 10%. Former Fed Chief Alan
Greenspan said he was wrong to think that financial markets could
police themselves.
(WSJ, 10/22/08, p.A1)(SFC, 10/24/08, p.C1)(Econ,
10/25/08, p.33)
2008 Oct 27, The DJIA fell 203
to 8,175.77, a 5½ year low.
(SFC, 10/28/08, p.A1)
2008 Oct 28, The DJIA rose
889.35 to 9,065.12, its 2nd biggest gain in the Dow’s history.
(SFC, 10/29/08, p.A1)
2008 Nov 19, The US DJIA fell
to levels not seen since 2003. the DJIA closed down 427.47 at
7,997.28.
(SFC, 11/20/08, p.C1)
2008 Nov 20, The DJIA fell
444.99 to its lowest level since March, 2003.
(SFC, 11/21/08, p.C1)
2008 Nov 21, The DJIA rose
494.13 to close at 8,046.42 following news that Pres.-elect Obama
would likely pick Timothy Geithner, chief of the New York Federal
Reserve, as the next Treasury secretary.
(SFC, 11/22/08, p.C1)
2009 Feb 23, The DJIA fell
250.89 (3.4%) to 7114.78, nearly half the peak it hit 16 months ago,
and its lowest close in over 11 years.
(WSJ, 2/24/09, p.A1)
2009 Mar 2, The US government
unveiled a revamped rescue package to insurance giant American
International Group (AIG) and will provide the troubled company with
another $30 billion in taxpayer money on an "as needed" basis. The
DJIA fell 299.64 to close at 6763.29, falling below 7,000 for the
first time in 12 years.
(AP, 3/2/09)(WSJ, 3/3/09, p.A1)
2010 May 6, The Dow Jones fell
nearly 1000 points in intraday trading, but recovered to close at
10,520.32, down 347.8. Unrest in Greece and a trading glitch were
cited as causes. After 5 months regulators said the “flash crash”
was sparked by a sloppily executed sell order of one mutual fund
group when the market was already jittery over economic turmoil in
Europe.
(SFC, 5/7/10, p.A1)(Econ, 10/9/10, p.107)
2010 May 25, The Dow Jones
industrials plunged below 10,000 as investors worried about a global
economic slowdown and tensions between North and South Korea turned
away from stocks.
(AP, 5/25/10)
2011 Aug 4, The US stock market
finished its worst day since the financial crisis. The DJIA plunged
513 points. It was the worst day for the Dow since October 22, 2008.
(AP, 8/4/11)
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End of file