What was the lowest point of the Dow in 2009?
The DJIA hit a market low of 6,469.95 on March 6, 2009, having lost over 54% of its value since the October 9, 2007 high The bear market reversed course on March 9, 2009, as the DJIA rebounded more than 20% from its low to 7924.56 after a mere three weeks of gains.
What was Dow Jones bottom in 2009?
What Happened? On this day in 2009, the Dow Jones Industrial Average and the S&P 500 closed at their lowest levels of the Great Recession. Where The Market Was: The S&P 500 closed at 676.53 and the Dow closed at 6,547.05. What Else Was Going On In The World?
What was the Dow Jones Industrial Average low in 2009?
7,949.09
When former President Barack Obama took office on Jan. 20, 2009, the Dow Jones Industrial Average (DJIA) continued its credit crisis slump and fell to 7,949.09, the lowest inaugural performance (as measured by percentage drop) for the Dow since its creation in 1896.
What was the DJIA on March 9 2009?
6,507
Regardless, the DJIA stood at 6,507 on March 9, 2009. A $10,000 investment with the SPDR Dow Jones ETF (DIA) would have bought you 153 shares at $65.51 each. As of October 2020, the DJIA trades at 28,586.90.
How many points did the S&P drop in 2008?
Much of the decline in the United States occurred in the brief period around the climax of the crisis in the fall of 2008. From its local peak of 1,300.68 on August 28, 2008, the S&P 500 fell 48 percent in a little over six months to its low on March 9, 2009.
What was the lowest the Dow get in 2008?
The Dow would plummet 3,600 points from its Sept. 19, 2008 intraday high of 11,483 to the Oct. 10, 2008 intraday low of 7,882.
What was the low point of the Dow Jones in 2008?
Dow Jones – 10 Year Daily Chart
| Dow Jones Industrial Average – Historical Annual Data | ||
|---|---|---|
| Year | Average Closing Price | Year Low |
| 2010 | 10,668.58 | 9,686.48 |
| 2009 | 8,885.65 | 6,547.05 |
| 2008 | 11,244.06 | 7,552.29 |
What caused the stock market crash in 2009?
The market crashed because Congress rejected the bank bailout bill. 2 But the stresses that led to the crash had been building for a long time.
What was the Dow Jones average in 2009?
The Dow Jones Composite Index finished the year 2020 at 10,108.71 points….Value of the Dow Jones Composite Index from 2000 to 2020.
| Characteristic | Index value in points |
|---|---|
| 2012 | 4,442.07 |
| 2011 | 4,232.17 |
| 2010 | 4,033.19 |
| 2009 | 3,566.68 |
What caused the 2009 stock market crash?
What was the Dow Jones industrial average in 2009?
What Happened? On this day, the Dow Jones Industrial Average hit its lowest point of the financial crisis of 2008 and 2009. Where The Market Was The S&P 500 was trading at 683.38 and the Dow dipped as low as 6,469.95.
What was the lowest point for the Dow?
NEW YORK (CNNMoney.com) — Stocks tumbled Monday, with the Dow and S&P 500 ending at fresh 12-year lows, as Merck’s $41 billion purchase of Schering-Plough failed to distract investors from worries about the economy. The Dow Jones industrial average ( INDU) lost 80 points, or 1.2%, to end at 6,547.05, its lowest point since April 15, 1997.
What was the stock market like in March 2009?
In March 2009, it seemed as if nothing could stop the plummeting stock market as U.S. investors feared the entire banking industry was on the brink of collapse. The largest U.S. banks had been bailed out by the government via the Troubled Assets Relief Program, and investors struggled to understand just how bad the situation was.
What was the lowest point for the NASDAQ?
The Nasdaq composite ( COMP) lost 25 points or 2%, to end at 1,268.64, its lowest point since Oct. 9, 2002. “We’re seeing more of the same,” said John Buckingham, chief investment officer at Al Frank Asset Management.