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Its stock price skyrocketed during the dot-com bubble, Yahoo stocks closing at an all-time high of $118.75 a share on January 3, 2000. However, after the dot-com bubble burst , it reached a post-bubble low of $8.11 on September 26, 2001.
In 2001, stock prices took a sharp downturn (some say "stock market crash" or "the Internet bubble bursting") in stock markets across the United States, Canada, Asia, and Europe. After recovering from lows reached following the September 11 attacks , indices slid steadily starting in March 2002, with dramatic declines in July and September ...
The Nasdaq Composite fell 7%, or 115.41, to 1,535.51. The S&P 500 fell 64.63, or 6.86%, to 877.01. Several stock market analysts saw this crash as a "correction" to the overheated markets, which had doubled in value in 30 months. This crash put the Dow down 13.3% from its then-record high of 8,259.31 on August 6, but it still gained for the year.
During testimony before the US Committee of Government Oversight and Reform, Alan Greenspan remarked that the crisis is "a once-in-a-century credit tsunami". Following a conference at Camp David over the weekend of October 18 and 19th attended by President Nicolas Sarkozy of France and José Manuel Barroso, President of the European Commission, President George W. Bush announced on Wednesday ...
The Tariff Act of 1930 (codified at 19 U.S.C. ch. 4), commonly known as the Smoot–Hawley Tariff or Hawley–Smoot Tariff, [1] was a law that implemented protectionist trade policies in the United States.
Dow Jones Industrial Average [needs update] Nasdaq Composite Index [needs update] S&P 500 [needs update]. The 2022 stock market decline was a global phenomenon. In the United States, it began on January 3, 2022, and ended on October 22, 2022; with the Dow Jones Industrial Average, the Nasdaq Composite, and the S&P 500 entered the bull market in November 2022, May 2023, and June 2023 ...
January 10 – Lomer Gouin becomes Quebec's 15th Lieutenant Governor, serving until his death on March 28, 1929. March 22 – The Canadian schooner and rum-runner I'm Alone is sunk by the US Coast Guard's USCGC Dexter. April 4 – Henry George Carroll becomes Quebec's 16th Lieutenant Governor.
In late October 1929, the stock market crashed, and the worldwide economy began to spiral downward into the Great Depression. [158] The causes of the Great Depression remain a matter of debate, [159] but Hoover viewed a lack of confidence in the financial system as the fundamental economic problem facing the nation. [160]
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