What was the Dow Jones at in October 2008?
The Dow would plummet 3,600 points from its Sept. 19, 2008 intraday high of 11,483 to the Oct. 10, 2008 intraday low of 7,882.
How much did the DJIA drop in 2008?
On September 29, 2008, after Congress failed to pass a $700 billion bank bailout plan, the Dow Jones Industrial Average falls 777.68 points—at the time, the largest single-day point loss in its history.
How far did stocks fall in 2008?
From October 6–10, 2008, the Dow Jones Industrial Average (DJIA) closed lower in all five sessions. Volume levels were record-breaking. The DJIA fell over 1,874 points, or 18%, in its worst weekly decline ever on both a points and percentage basis. The S&P 500 fell more than 20%.
What was the DJIA in 2008?
Dow Jones – 10 Year Daily Chart
| Dow Jones Industrial Average – Historical Annual Data | ||
|---|---|---|
| Year | Average Closing Price | Year Low |
| 2010 | 10,668.58 | 9,686.48 |
| 2009 | 8,885.65 | 6,547.05 |
| 2008 | 11,244.06 | 7,552.29 |
What day did the 2008 stock market crash?
Sept. 29, 2008
The stock market crash of 2008 occurred on Sept. 29, 2008. The Dow Jones Industrial Average fell 777.68 points in intraday trading. 1 Until the stock market crash of 2020, it was the largest point drop in history.
What caused the market to crash in 2008?
The Great Recession, one of the worst economic declines in US history, officially lasted from December 2007 to June 2009. The collapse of the housing market — fueled by low interest rates, easy credit, insufficient regulation, and toxic subprime mortgages — led to the economic crisis.
Did Jesse Livermore go broke?
He joined exclusive clubs and had mistresses. In 1908, he listened to Teddy Price, who told him to buy cotton, while Price secretly sold. He went bankrupt but was able to recover all of his losses. Following the end of World War I, Livermore secretly cornered the market in cotton.
How far did the S&P drop in 2008?
Much of the decline in the United States occurred in the brief period around the climax of the crisis in the fall of 2008. From its local peak of 1,300.68 on August 28, 2008, the S&P 500 fell 48 percent in a little over six months to its low on March 9, 2009.
What caused the stock market crash in 2008?
How long did the 2008 stock market crash take to recover?
The equivalent recovery after the 2008 crash took the S&P 500 1,107 days and the Dow 1,288 days. The optimistic targets reflect expectations for improved economic performance next year and in 2022, analyst Tobias Levkovich said in the note.
What caused the housing market to crash in 2008?
Subprime lending: Risky lending practices are what led to the 2008 housing bubble. Many call it a housing crisis, but housing was never the problem; risky credit practices by lenders were.
