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By that time, its stock price had declined 78% from its high earlier in the year. [14] In February 2004, the company acquired Modus Media. [ 15 ] In September 2008, the company changed its name to ModusLink Global Solutions, Inc. [ 16 ] In December 2017, the company acquired IWCO Direct for $476 million in cash. [ 17 ]
In one year between July 2007 and July 2008, Merrill Lynch lost $19.2 billion, or $52 million daily. [27] The company's stock price had also declined significantly during that time. [27] Two weeks later, the company announced the sale of select hedge funds and securities in an effort to reduce their exposure to mortgage related investments. [28]
Infamous stock market crash that represented the greatest one-day percentage decline in U.S. stock market history, culminating in a bear market after a more than 20% plunge in the S&P 500 and Dow Jones Industrial Average. Among the primary causes of the chaos were program trading and illiquidity, both of which fueled the vicious decline for the ...
U.S. stock ownership is at its highest level in 15 years. A new Gallup poll out this week found 61% of US adults own stock either in an individual stock, a stock mutual fund, or in a self-directed ...
The Magnificent Seven have been under pressure recently because of criticism their stock prices may have shot too high after leading the market for so many years. ... and the Nasdaq composite ...
The S&P 500 has never been this top -heavy. ... in the past two years to 18% and 15% respectively, but Goldman sees it widening again in the coming years. ... for 2024 given the group's rise over ...