Jump to content
Main menu
Main menu
move to sidebar
hide
Navigation
Main page
Recent changes
Random page
Help about MediaWiki
Special pages
Niidae Wiki
Search
Search
Appearance
Create account
Log in
Personal tools
Create account
Log in
Pages for logged out editors
learn more
Contributions
Talk
Editing
Dow Jones Industrial Average
(section)
Page
Discussion
English
Read
Edit
View history
Tools
Tools
move to sidebar
hide
Actions
Read
Edit
View history
General
What links here
Related changes
Page information
Appearance
move to sidebar
hide
Warning:
You are not logged in. Your IP address will be publicly visible if you make any edits. If you
log in
or
create an account
, your edits will be attributed to your username, along with other benefits.
Anti-spam check. Do
not
fill this in!
===2000s=== [[File:DJIA during 911.svg|thumb|left|The Dow fell 14.3% after the [[September 11 attacks]]. Exchanges were closed from September 12 through September 16, 2001.]] On September 17, 2001, the first day of trading after the [[September 11 attacks]] on the United States, the Dow fell 7.1%. However, the Dow began an upward trend shortly after the attacks, and regained all lost ground to close above 10,000 for the year. In 2002, the Dow dropped to a four-year low of 7,286 on September 24, 2002, due to the [[stock market downturn of 2002]] and lingering effects of the [[dot-com bubble]]. Overall, while the NASDAQ index fell roughly 75% and the S&P 500 index fell roughly 50% between 2000 and 2002, the Dow only fell 27% during the same period. In 2003, the Dow held steady within the 7,000 to 9,000-point level and recovered to the 10,000 mark by year end.<ref>{{Cite web |title=Dow Jones β DJIA β 100 Year Historical Chart |url=https://www.macrotrends.net/1319/dow-jones-100-year-historical-chart |url-status=live |archive-url=https://web.archive.org/web/20200831074740/https://www.macrotrends.net/1319/dow-jones-100-year-historical-chart |archive-date=August 31, 2020 |access-date=September 2, 2020 |website=MacroTrends.net}}</ref> The Dow continued climbing and reached a record high of 14,198.10 on October 11, 2007, a mark which was not matched until March 2013.<ref>{{cite news | url=https://slate.com/news-and-politics/2013/03/dow-jones-at-all-time-high.html | title=The Dow Jones Has Never Been Higher | first=Josh | last=Voorhees | work=[[Slate (magazine)|Slate]] | date=March 5, 2013 | access-date=September 15, 2019 | archive-date=July 29, 2020 | archive-url=https://web.archive.org/web/20200729224554/https://slate.com/news-and-politics/2013/03/dow-jones-at-all-time-high.html | url-status=live }}</ref> It then dropped over the next year due to the [[2008 financial crisis]]. On September 15, 2008, a wider [[financial crisis]] became evident after the [[Bankruptcy of Lehman Brothers]] along with the economic effect of record high oil prices which had reached almost $150 per [[Barrel of oil equivalent|barrel]] two months earlier. The Dow lost more than 500 points for the day, returning to its mid-July lows below 11,000.<ref>{{Cite news | url=https://money.cnn.com/2008/09/15/markets/markets_newyork2/index.htm | title=Stocks get pummeled | first=Alexandra | last=Twin | work=[[CNN]] | date=September 21, 2008 | access-date=September 15, 2019 | archive-date=January 12, 2020 | archive-url=https://web.archive.org/web/20200112033135/https://money.cnn.com/2008/09/15/markets/markets_newyork2/index.htm | url-status=live }}</ref><ref>{{cite news | url=https://blogs.wsj.com/moneybeat/2013/09/16/this-day-in-crisis-history-sept-15-16-2008/ | title=This Day in Crisis History: Sept. 15-16, 2008 | first=Paul | last=Vigna | work=[[The Wall Street Journal]] | date=September 16, 2013 | url-access=subscription | access-date=September 15, 2019 | archive-date=September 3, 2019 | archive-url=https://web.archive.org/web/20190903215838/https://blogs.wsj.com/moneybeat/2013/09/16/this-day-in-crisis-history-sept-15-16-2008/ | url-status=live }}</ref> A series of [[bailout]] packages, including the [[Emergency Economic Stabilization Act of 2008]], proposed and implemented by the [[Federal Reserve]] and [[United States Department of the Treasury]] did not prevent further losses. After nearly six months of extreme volatility during which the Dow experienced its largest one-day point loss, largest daily point gain, and largest intraday range (of more than 1,000 points) at the time, the index closed at a new 12-year low of 6,547.05 on March 9, 2009,<ref>[https://www.google.com/finance/?cid=983582&startdate=Mar+05,+2009&enddate=Mar+09,+2009 ''Dow Jones Industrial Average Historical Prices''] . [[Google Finance]]</ref> its lowest close since April 1997. The Dow had lost 20% of its value in only six weeks. Towards the latter half of 2009, the average rallied towards the 10,000 level amid optimism that the [[Great Recession]], the [[United States housing bubble]] and the [[2008 financial crisis]], were easing and possibly coming to an end. For the decade, the Dow saw a rather substantial pullback for a negative return from 11,497.12 to 10,428.05, a loss of a 9.3%.<ref>{{cite news | url=https://www.marketwatch.com/story/12-dr-dooms-shred-2010-investing-optimism-2010-01-05 | title=Optimist? Or pessimist? Test your 2010 strategy! | first=Paul B. | last=Farrell | work=[[Marketwatch]] | date=January 5, 2010 | access-date=September 15, 2019 | archive-date=August 10, 2020 | archive-url=https://web.archive.org/web/20200810235746/https://www.marketwatch.com/story/12-dr-dooms-shred-2010-investing-optimism-2010-01-05 | url-status=live }}</ref>
Summary:
Please note that all contributions to Niidae Wiki may be edited, altered, or removed by other contributors. If you do not want your writing to be edited mercilessly, then do not submit it here.
You are also promising us that you wrote this yourself, or copied it from a public domain or similar free resource (see
Encyclopedia:Copyrights
for details).
Do not submit copyrighted work without permission!
Cancel
Editing help
(opens in new window)
Search
Search
Editing
Dow Jones Industrial Average
(section)
Add topic