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After the Wall Street crash of 1929, when the Dow Jones Industrial Average dropped from 381 to 198 over the course of two months, optimism persisted for some time. The stock market rose in early 1930, with the Dow returning to 294 (pre-depression levels) in April 1930, before steadily declining for years, to a low of 41 in 1932.
Oct. 22, 2008: Widespread corporate losses, which include a $24 billion quarterly loss from Wachovia, point to a 10% year-over-year decline in third-quarter profit. The Dow closes at 8,519.21 ...
The New York Stock Exchange collapses, the Dow Jones closing down over 12%. October 30: one day recovery November 1: The Federal Reserve begins lowering the discount rate from its 6% level. November 13: The stock market bottoms out at 198.60, followed by a bear market that would last until April 1930. Commodity prices, however, continue to ...
The Dow plunges 89% to 41.22 on July 8, 1932, thus erasing 33 years of gains, in just under three years. Although cyclical bull markets occur in the 1930s and 1940s, the index takes 22 years to surpass its previous highs. 1949–1966: Bull market. The Dow posts impressive growth in the booming economy following the Second World War.
The Dow Jones Industrial Average has been around since 1896, and its antecedents date to 1884. This venerable index has refused to stand still ever since Charles Dow first sought to represent the ...
The Dow Jones Industrial Average suffered two of the worst days in its history at the end of October in 1929. But after the carnage swept through Wall Street on the last Monday and Tuesday of the.
In 2002, the Dow dropped to a four-year low of 7,286 on September 24, 2002, due to the stock market downturn of 2002 and lingering effects of the dot-com bubble. Overall, while the NASDAQ index fell roughly 75% and the S&P 500 index fell roughly 50% between 2000 and 2002, the Dow only fell 27% during the same period.
The American economy has always been cyclical, going from boom to bust and back again. However, 2020 saw an entire economic cycle in a matter of months. The economy was in a solid expansion at the...