What was the Dow at in 2008 crash?
The decline of 20% by mid-2008 was in tandem with other stock markets across the globe. On September 29, 2008, the DJIA had a record-breaking drop of 777.68 with a close at 10,365.45.
What was the Dow in 2008 January?
^DJI – Dow Jones Industrial Average
| Date | Open | Close* |
|---|---|---|
| Jan 06, 2009 | 8,954.57 | 9,015.10 |
| Jan 05, 2009 | 9,027.13 | 8,952.89 |
| Jan 02, 2009 | 8,772.25 | 9,034.69 |
| Dec 31, 2008 | 8,666.48 | 8,776.39 |
What was the Dow in 2009?
When former President Barack Obama took office on Jan. 20, 2009, the Dow Jones Industrial Average (DJIA) continued its credit crisis slump and fell to 7,949.09, the lowest inaugural performance (as measured by percentage drop) for the Dow since its creation in 1896.
How far did the Dow go down in 2008?
777.68 points
The stock market crash of 2008 occurred on Sept. 29, 2008. The Dow Jones Industrial Average fell 777.68 points in intraday trading. 1 Until the stock market crash of 2020, it was the largest point drop in history.
What happened to the stock market in 2008?
From October 6–10, 2008, the Dow Jones Industrial Average (DJIA) closed lower in all five sessions. Volume levels were record-breaking. The DJIA fell over 1,874 points, or 18%, in its worst weekly decline ever on both a points and percentage basis. The S&P 500 fell more than 20%.
What are the best stocks to own in a recession?
Stocks that weathered the 2008 and 2020 recessions:
- Target Corp. (TGT)
- Lowe’s Cos. (LOW)
- Nike (NKE)
- NextEra Energy (NEE)
- Walmart (WMT)
- Dollar Tree (DLTR)
- Home Depot (HD)
Why did the real estate market crash in 2008?
The more home prices outpace inflation and incomes, the bigger the strain placed on housing markets. Subprime lending: Risky lending practices are what led to the 2008 housing bubble. Many call it a housing crisis, but housing was never the problem; risky credit practices by lenders were.
