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The crash was apparently caused by a reaction to a news story of a $6.75 billion leveraged buyout deal for UAL Corporation, the parent company of United Airlines, which broke down. When the UAL deal fell through, it helped trigger the collapse of the junk bond market causing the Dow to fall 190.58 points, or 6.91 percent.
Utah’s prison system sued after treatment of trans inmate forced her to perform surgery on herself
This increase reflects both stock market and housing price gains. This measure has been setting records since Q4 2012. [ 217 ] If divided evenly, the $99 trillion represents an average of $782,000 per household (for about 126.2 million households) or $302,000 per person.
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us .spindices .com /indices /equity /dow-jones-industrial-average. The Dow Jones Industrial Average ( DJIA ), Dow Jones, or simply the Dow ( / ˈdaʊ / ), is a stock market index of 30 prominent companies listed on stock exchanges in the United States. The DJIA is one of the oldest and most commonly followed equity indexes.