A Look at the Stock Market of Yesterday and Today
By | January 23, 2019
Crowd After Stock Market Crash
The stock market can be a fickle entity. A lot of factors and events that happen around the world can affect the stock market causing it to crash suddenly. The crash of 1929 took place on October 24, 1929, starting on Black Thursday which caused such a panic that people began to sell everything and hit the banks to take out their money. This took place all the way through Black Tuesday. What started the ball rolling was when the London Stock Exchange crash happened in the previous September starting the Great Depression.
OTHER NOTABLE DATES IN HISTORY
Dark moments in history that remain as a constant reminder of what has and can happen again to the economy.
October 19, 1987, was the day when the Dow Jones Industrial Average (DJIA) dropped 508 points – a total loss of 22.6 percent in one day.
September 11, 2001, which most people know as 911 was the day when the NYSE totally shut down for four days after the 9/11 terror attacks causing a total loss of $1.4 trillion in a five-day span.
May 6, 2010, was when the 2010 Flash Crash happened. The DJIA took a huge crash once again where it dropped 998 points – much worse than in 1987.
August 24, 2015, was the day when the DOW fell 1,089 points immediately upon the opening of the market even though it recovered soon after. It had also dropped 531 points the Friday before.