What was Dow Jones bottom in 2009?
What Happened? On this day in 2009, the Dow Jones Industrial Average and the S&P 500 closed at their lowest levels of the Great Recession. Where The Market Was: The S&P 500 closed at 676.53 and the Dow closed at 6,547.05. What Else Was Going On In The World?
What was the Dow Jones Industrial Average March 9 2009?
The most recent considerable fall of the index occurred during the Global Financial Crisis of 2008-2009 that started on September, 2008 with the immediate loss of 300 points, and ended-up on March 9, 2009 at a new 12-year low of 6,547.05.
How much did the stock market drop in 2009?
1 By Mar. 5, 2009, it had dropped more than 50% to 6,594.44. Although it wasn’t the greatest percentage decline in history, it was vicious. The stock market fell 90% during the Great Depression.
Why did the market crash in 2009?
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.
What was the S&P 500 on March 9 2009?
676.53
The absolute bottom for the financial crisis was March 9, 2009, when the S&P 500 hit 676.53. 1 For simplicity purposes, we’ll call it 676.
What was the low point of the Dow Jones 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 did the Dow close at on March 9 2009?
The DJIA hit a market low of 6,469.95 on March 6, 2009, having lost over 54% of its value since the October 9, 2007 high The bear market reversed course on March 9, 2009, as the DJIA rebounded more than 20% from its low to 7924.56 after a mere three weeks of gains.
How was the stock market in 2009?
When former President Barack Obama took office on Jan. 20, 2009, the Dow Jones Industrial Average (DJIA) continued its credit crisis slump and fell to 7,949.09, the lowest inaugural performance (as measured by percentage drop) for the Dow since its creation in 1896.
What happened to the Dow Jones in 2008?
On this day, the Dow Jones Industrial Average hit its lowest point of the financial crisis of 2008 and 2009. The S&P 500 was trading at 683.38 and the Dow dipped as low as 6,469.95. What Else Was Going On In The World?
What happened to the Dow on March 9?
Investors who feared holding stocks over the weekend continued to sell on Friday, March 9, sending the Dow to an intraday low of 6,469.95, roughly a 54.4 percent drop from the Dow’s 2007 high point. Fortunately, that price marked the low point of the crisis for Dow investors.
Where can I find historical closing data for the Dow?
Dowjonesclose.com is a website designed to provide historical closing data for the Dow Jones, Nasdaq, S&P 500, Libor Rates, Oil, Natural Gas, and Gold. On my Stock Market Blog, I post throughout the day on hot stocks, the Stock Market, and the Dow Jones.
What happened to the stock market in 2009?
In March 2009, it seemed as if nothing could stop the plummeting stock market as U.S. investors feared the entire banking industry was on the brink of collapse. The largest U.S. banks had been bailed out by the government via the Troubled Assets Relief Program, and investors struggled to understand just how bad the situation was.
