Tag Archives: dow jones industrial

This Day in the Yesteryear: BLACK MONDAY: DOW JONES INDUSTRIAL AVERAGE FALLS 508 POINTS (1987)


Black Monday: Dow Jones Industrial Average Falls 508 Points (1987)

On what is known in the financial world as Black Monday, the Dow Jones Industrial Average fell 508 points, nearly 23%—the largest drop since 1914. Although the cause of the crash is still debated, its result was immediately apparent: it sent the value of markets plummeting worldwide. By the end of the month, markets in Hong Kong and Australia had lost over 40%. That December, a group of eminent economists predicted that the next few years could be the worst since the Great Depression. Were they? More… Discuss

DOW JONES AVERAGES REACHES ITS LOWEST POINT OF THE GREAT DEPRESSION (1932)


Dow Jones Averages Reaches Its Lowest Point of the Great Depression (1932)

The Dow Jones Industrial Average, often referred to as the Dow, is the best-known and most widely followed market indicator in the world. Tracking the performance of 30 blue-chip US stocks—which sometimes change—the Dow is thought to reflect the overall condition of the US economy. In 1932, the Dow reached its lowest point of the Great Depression, closing at 41.22—down almost 90 percent since 1929. It did not return to pre-1929 levels until 1954. When did the Dow reach its all-time high?More… Discuss