What was the Dow in 2007?

Dow Jones – 10 Year Daily Chart

Dow Jones Industrial Average – Historical Annual Data
Year Average Closing Price Annual % Change
2007 13,178.26 6.43%
2006 11,409.78 16.29%
2005 10,546.66 -0.61%

What was the pre recession high for the Dow Jones on October 9 2007?

On Oct. 9, 2007, the Dow closed at its all-time high (pre-recession) of 14,164.43.

How far did the stock market drop from 2007 to 2009?

51.9%
U. S. Bear Market of 2007–2009 The bear market from 2007 to 2009 lasted a total of one year and three months, though there was a brief bull market for 1.5 months near the end. The S&P 500 lost 51.9% of its value.

How long did it take for the stock market to recover from 2007?

9, 2007 — but by September of 2008, the major stock indexes had lost nearly 20% of their value. The Dow didn’t reach its lowest point, which was 54% below its peak, until March 6, 2009. It then took four years for the Dow to fully recover from the crash.

What was the Dow in October 2008?

^DJI – Dow Jones Industrial Average

Date Open Low
Oct 03, 2008 10,483.96 10,310.25
Oct 02, 2008 10,825.54 10,439.52
Oct 01, 2008 10,847.40 10,631.95
Sep 30, 2008 10,371.58 10,371.42

What caused the 2007 recession?

The Great Recession, one of the worst economic declines in US history, officially lasted from December 2007 to June 2009. The collapse of the housing market — fueled by low interest rates, easy credit, insufficient regulation, and toxic subprime mortgages — led to the economic crisis.

What caused the financial crisis of 2007?

It was caused by the subprime mortgage crisis, which itself was caused by the unregulated use of derivatives. This timeline includes the early warning signs, causes, and signs of breakdown. It also recounts the steps taken by the U.S. Treasury and the Federal Reserve to prevent an economic collapse.

What is the biggest stock market drop in one day?

2,997 points
The largest point drop in history occurred on March 16, 2020, when concerns over the ongoing COVID-19 pandemic engulfed the market, dropping the Dow Jones Industrial Average 2,997 points.

When was the last time the Dow was in a bear market?

The bear market was confirmed in June 2008 when the Dow Jones Industrial Average (DJIA) had fallen 20% from its October 11, 2007 high. This followed the United States bull market of 2002–07 and was followed by the United States bull market of 2009–2020

What happened to the Dow Jones in 2009?

As of early March 2009, the Dow Jones Industrial Average had fallen 20% since the inauguration of President Barack Obama (less than two months earlier), the fastest drop under a newly elected president in at least 90 years. Editorials in the Wall Street Journal by the editorial staff and Michael Boskin, one of George H. W.

What is the all-time high for the Dow Jones?

The Dow Jones industrial average ( Charts) jumped more than 120 points, ending at an all-time high of 14,164.53. The blue-chip barometer had hit an intraday high of 14,166.40 shortly before the close.

What is the current price of the Dow Jones industrial average?

Historical data is inflation-adjusted using the headline CPI and each data point represents the month-end closing value. The current month is updated on an hourly basis with today’s latest value. The current price of the Dow Jones Industrial Average as of December 10, 2021 is 35,970.99.