How far did the Dow go down in 2008?
How far did the Dow go down in 2008?
777.68 points
The stock market crash of 2008 occurred on Sept. 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.
What is the biggest percentage drop in Dow history?
Largest daily percentage losses
| Rank | Date | Change |
|---|---|---|
| % | ||
| 1 | 1987-10-19 | −22.61 |
| 2 | 2020-03-16 | −12.93 |
| 3 | 1929-10-28 | −12.82 |
What is limit down on Dow?
The limit down price is the maximum allowable decline in the price of a stock or commodity in a single trading day. In stocks, the limit down refers to the maximum decline permitted in individual stocks on certain exchanges before trading curbs kick in.
How much did the Dow Jones drop during the recession?
Over the course of four business days—Black Thursday (October 24) through Black Tuesday (October 29)—the Dow Jones Industrial Average dropped from 305.85 points to 230.07 points, representing a decrease in stock prices of 25 percent.
Did Jesse Livermore go broke?
In 1908, he listened to Teddy Price, who told him to buy cotton, while Price secretly sold. He went bankrupt but was able to recover all of his losses. In 1915, he filed bankruptcy again. Following the end of World War I, Livermore secretly cornered the market in cotton.
What is the biggest stock market loss?
Black Monday crash of 1987 19, 1987, the Dow Jones Industrial Average plunged by nearly 22%. Black Monday, as the day is now known, marks the biggest single-day decline in stock market history.
What is limit up down?
Limit up is the maximum amount a price is permitted to increase during one trading day. The term is often used in relation to the commodities futures markets, where regulators seek to prevent volatility from reaching extreme levels. Limit down, by contrast, refers to the maximum permitted decline in one trading day.
What is the limit down rule?
The term “limit down” refers to a U.S. Securities and Exchange (SEC) marketplace regulation called the limit up-limit down rule. Under this rule, there is a limit up and a limit down regarding the maximum amounts a commodity future or stock price can increase or decrease in any single trading day.
How long was the market closed after 9 11?
The New York Mercantile Exchange was also closed for a week after the attacks. The Federal Reserve issued a statement, saying it was “open and operating.