Dow Jones – 10 Year Daily Chart
| Dow Jones Industrial Average – Historical Annual Data | ||
|---|---|---|
| Year | Average Closing Price | Annual % Change |
| 2009 | 8,885.65 | 18.82% |
| 2008 | 11,244.06 | -33.84% |
| 2007 | 13,178.26 | 6.43% |
What investment firms went under in 2008?
On Sept. 15, 2008, Lehman Brothers, a well-known and respected investment bank, filed for bankruptcy protection after the Bush Administration’s Treasury Secretary, Hank Paulson, refused to grant them a bailout.
What was the stock market back in 2008?
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. The market crashed because Congress rejected the bank bailout bill.
When did the stock market crash in 2008?
The stock market crash of 2008 occurred on September 29, 2008. The Dow Jones Industrial Average fell 777.68 points in intra-day trading. Until 2018, it was the largest point drop in history. It plummeted because Congress rejected the bank bailout bill.
What was the stock market at the end of 2007?
It seemed the U.S. economy could shrug off a housing downturn and banks’ liquidity constraints. The Dow ended the year just slightly off its October high, at 13,264.82. At the end of January, the BEA revised its fourth-quarter 2007 GDP growth estimate down. It said growth was only 0.6%. The economy lost 17,000 jobs, the first time since 2004.
What was the Dow average on September 19, 2008?
On Friday, September 19, the Dow ended the week at 11,388.44. It was only slightly below its Monday open of 11,416.37. The Fed established the Asset-Backed Commercial Paper Money Market Mutual Fund Liquidity Facility. It loaned money to banks to buy commercial paper from money market funds.
What was the financial crisis in the fall of 2008?
Credit crisis. Bank collapse. Government bailout. Phrases like these frequently appeared in the headlines throughout the fall of 2008, a period in which the major financial markets lost more than 30% of their value. This period also ranks among the most horrific in U.S. financial market history.
