What was the Dow in October 2007?
The DJIA, a price-weighted average (adjusted for splits and dividends) of 30 large companies on the New York Stock Exchange, peaked on October 9, 2007 with a closing price of 14,164.53. On October 11, 2007, the DJIA hit an intra-day peak of 14,198.10 before starting to screech.
What was the Dow Jones in 2007?
13,178.26
Dow Jones – 10 Year Daily Chart
| Dow Jones Industrial Average – Historical Annual Data | ||
|---|---|---|
| Year | Average Closing Price | Annual % Change |
| 2008 | 11,244.06 | -33.84% |
| 2007 | 13,178.26 | 6.43% |
| 2006 | 11,409.78 | 16.29% |
What did the Dow close at on October 7th?
How Did The Benchmarks Perform? The Dow Jones Industrial Average (DJI) rose 0.3% or 102.37 points to close at 34,416.99. Notably, 20 components of the 30-stock index ended in the green while 10 in red. At its session low, the blue-chip index was down more than 450 points.
Why did Dow drop on Friday?
Stocks dropped on Friday after a highly anticipated inflation report showed a faster-than-expected rise in prices and consumer sentiment hit a record low. The Dow Jones Industrial Average shed 810 points, or 2.5%.
Why did the stock market fall Dow finishes nearly 1000 points lower in worst day since October 2020?
The S&P 500 erases 2.8 percent and the Nasdaq 2.6 percent amid signals the Fed will raise rates at a more aggressive clip. Stocks tanked Friday — with the Dow tumbling nearly 1,000 points — as investors absorbed increasingly hawkish signals that the Federal Reserve would raise interest rates at a more aggressive clip.
What caused the 2007 recession?
It was caused by the subprime mortgage crisis, which itself was caused by the unregulated use of derivatives. This timeline includes the early warning signs, causes, and signs of breakdown. It also recounts the steps taken by the U.S. Treasury and the Federal Reserve to prevent an economic collapse.
How many points did Dow drop in 2008?
777.68 points
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.
What is the biggest one day loss in the Dow?
The largest point drop in history occurred on March 16, 2020, when concerns over the ongoing COVID-19 pandemic engulfed the market, dropping the Dow Jones Industrial Average 2,997 points.