What happened to the stock market in 2001?
What happened to the stock market in 2001?
The terrorist attack on Sept. 11, 2001 was marked by a sharp plunge in the stock market, causing a $1.4 trillion loss in market value. The first week of trading after the attacks saw the S&P 500 fall more than 14%, while gold and oil rallied.
What was the Dow Jones in 2001?
10,199.29
Dow Jones – DJIA – 100 Year Historical Chart
| Dow Jones Industrial Average – Historical Annual Data | ||
|---|---|---|
| Year | Average Closing Price | Annual % Change |
| 2001 | 10,199.29 | -7.10% |
| 2000 | 10,729.38 | -6.17% |
| 1999 | 10,481.56 | 25.22% |
What caused the market crash of 2001?
The dotcom crash was triggered by the rise and fall of technology stocks. The growth of the Internet created a buzz among investors, who were quick to pour money into startup companies. These companies were able to raise enough money to go public without a business plan, product, or track record of profits.
How long did the 2001 stock market crash last?
While stocks often recover from catastrophes,� he asked, “What if there’s a second wave (of terrorism)?” Market watchers cast the lack of panic as a victory, six days after hijackers tried to cripple the world’s financial capital by crashing jetliners into the World Trade Center’s twin towers.
Did the stock market shut down after 9 11?
Stock exchanges closed between September 10, 2001 and September 17, 2001. After the initial panic, the DJIA quickly rose for only a slight drop.
When did DJIA hit 1000?
November 1972
In November 1972, the Dow Jones Industrial Average climbs to 1,000 units for the first time in its history, a milestone 76 years in the making. On November 14, 1972, the Dow Jones Industrial Average (DJIA) crossed the 1,000-point mark, 21,652 days after its inception on October 7, 1896.
How bad was the dot com bubble?
By that time, most Internet stocks had declined in value by 75% from their highs, wiping out $1.755 trillion in value. In January 2001, just three dot-com companies bought advertising spots during Super Bowl XXXV. The September 11 attacks accelerated the stock-market drop later that year.