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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October 7 in Market History

On October 7, 1966, the Dow reached a bear market bottom of 744.32, down 25% since early 1966, in what was called the 'credit crunch' of 1966. The market then rose 32.4% in two years.

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October 6 in Market History

On October 6, 1982, the Dow was up 37 points (+4.1%) in one day, from 907 to 944. For the week of October 4-8, 1982, the Dow rose 79 (8.7%), to 986.85 on its way to 1,000 in short order.

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October 3 in Market History

On October 3, 1776, Congress gave its seal of approval to the nation's first debt. The war wasn't cheap, so the colonial government borrowed $5 million at 4% interest.

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