November 14 in Market History

On November 14, 1972, the Dow Jones index closed above 1,000 for the first time, at 1,003. The market stayed above 1,000 every trading day until January 26, 1973, but it then it fell sharply, to 577 by the end of 1974. It would take 10 years to close below 1,000 for the last time.

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November 13 in Market History

On this day in 1879, the New York Stock Exchange first installed telegraph and telephone lines.

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November 12 in Market History

On November 12, 1997, the Dow fell 157.41 points (-2.1%), to 7401.32, in the aftermath of the Asian currency crisis, but November as a whole was up 380 points (over 5%). Before that happy ending, there were three severe after-shocks (down 100 points or more) in a Nervous November.

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November 6 in Market History

On Wednesday, November 6, 1929, the Dow fell 25.55 points (-10%), 257.68 to 232.13, after being closed the previous day in fear of another Black Tuesday. 

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November 5 in Market History

On November 5, 1929, the stock market shut down, in fear of another Black Tuesday –- like the one that hit the market the previous Tuesday (October 29).

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October 31 in Market History

The night before Halloween in 1938, Orson Welles shocked the nation with a realistic radio drama about a Martian Invasion, based on H.G. Wells' War of the Worlds. The next day, the New York Stock Exchange unveiled a 15-point program to protect investors from alien forces (actually, it was a new securities law). After all, it was the ninth full year of the Depression.

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October 29 in Market History

October 29, 1929 was 'Black Tuesday,' capping the first-ever back-to-back double-digit percentage losses in stocks. A record 16.4 million shares traded hands, as huge blocks of blue chip stocks were traded for 'whatever price they would bring.' The market fell 30.57 points, to 230 on the Dow. 

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October 28 in Market History

On October 28, 1997, the Dow rose 337.17 points, the biggest one-day point rise in history, to that date, and coming the day after the worst point loss to date, erasing most of the 554 drop the previous day. For the haunted week of October 27-31, 1997, the Dow fell 272.61 points. 

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October 27 in Market History

October 27, 1997 was the worst one-day point drop in market history, to that date, down 554 points (7.2%), from 7715 to 7161, spurred by the Asian currency crisis. 

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October 8 in Market History

October 8, 1974 marked the biggest bank failure in history to date, the Franklin National Bank of New York. On the same day, President Ford went on national television to unleash a long series of economic anti-inflation programs and gimmicks, including his 'W.I.N.' buttons.

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