LDN - Business
|
|
Sponsored by:
Investment Center
Something new in your
business?
Click here to
submit your business press release
Chamber Corner
|
Main Street News
|
Job Hunt |
Classifieds
| Calendar |
Illinois Lottery |
2012: A look back at memorable days on Wall Street
Send a link to a friend
[December 29, 2012] (AP)
--
The
year
2012 had its fair share of big days on the stock market. Here's a look back at what set off the biggest moves in the Dow Jones industrial average.
|
|
The biggest drops
-
Nov. 7: Down 313 points. On the day after the presidential election, investors worried that a divided government wouldn't reach deal on the budget in time to avoid across-the-board government spending cuts and tax increases Jan. 1.
-
June 1: Down 275 points. A dismal report on hiring and employment for May sent the market swooning.
-
June 21: Down 251 points. A sharp decline in a closely watched measure of manufacturing in the Northeast got investors worried about the U.S. economy. China also reports a slowdown at its factories.
-
Oct. 23: Down 244 points. Big companies including Xerox, DuPont and 3M report slumping revenues for the third quarter.
The biggest gains
-
June 6: Up 287 points. Hope that European officials would find ways to ease the region's debt crisis launched a rally.
-
June 29: Up 278 points. Markets storm higher after European leaders came up with a plan to rescue banks, relieve debt-burdened governments and restore investor confidence.
| | | |
[to top of second column]
-
Sept. 6: Up 244 points. Mario Draghi, the head of the European Central Bank, unveils a program to buy government bonds from the region's struggling countries with the aim of lowering their borrowing costs.
-
March 13: Up 218 points. U.S. banks led a powerful rally after JPMorgan Chase said it plans to buy back as much as $15 billion of its stock and raise its dividend. The government also reported strong retail sales for February.
-
Aug. 3: Up 217 points. The U.S. government reported a sharp increase in hiring for July.
[Associated
Press]
Copyright 2012 The Associated
Press. All rights reserved. This material may not be published,
broadcast, rewritten or redistributed.
|
|
<
Recent articles |
Back to top |
News |
Sports | Business |
Rural Review |
Teaching & Learning
|
Home and Family |
Tourism
| Obituaries
Community |
Perspectives
|
Law & Courts |
Leisure Time
|
Spiritual Life |
Health & Fitness |
Teen Scene
Calendar
|
Letters to the Editor
|