this day in market history

Benzinga takes a look back at a notable market-related moment that occurred on this date. What Happened? On Feb. 24, 1995, derivatives trader Nick Leeson sent a resignation fax to Barings Bank in which he admitted to making fraudulent and unauthorized trades that ultimately resulted in the bank...

Benzinga takes a look back at a notable market-related moment that happened on this date. What Happened In 1990, the parent company of investment bank and junk bond firm Drexel Burnham Lambert filed for Chapter 11 bankruptcy protection. Where Was The Market The Dow Jones Industrial Average closed...

Benzinga takes a look back at a notable market-related moment that occurred on this date. What Happened? On Feb. 10, 1989, World Wrestling Entertainment, Inc. (NYSE: WWE) admitted professional wrestling is a performance rather than a sports competition. Where Was The Market? The S&P 500...

Benzinga takes a look back at a notable market-related moment that happened on this date. What Happened? In 1935, the Parker Brothers began sales of “Monopoly,” a now-global pastime. Where Was The Market? The Dow averaged $103.70 throughout February, while the S&P 500 averaged $8.98...

Benzinga takes a look back at a notable market-related moment that occurred on this date. What Happened? On Feb. 3, 1929, National City Bank of New York announced it would be lending $25 million to stock market speculators. Where Was The Market? The S&P 500 was trading at around 25 and the Dow...

Each day, Benzinga takes a look back at a notable market-related moment that happened on this date. What Happened? On this day in 2003, AOL and Time Warner Inc (NYSE: TWX), which had merged in 2000, announced the largest annual loss of any public company in history. Where Was The Market? The S&...

Benzinga takes a look back at a notable market-related moment that occurred on this date. What Happened? On this day in 2010, Apple, Inc. (NASDAQ: AAPL) CEO Steve Jobs unveiled the first iPad. Where Was The Market? The S&P 500 traded at 1,097.50 and the Dow Jones Industrial Average traded at 10...

Benzinga takes a look back at a notable market-related moment that happened on this date. What Happened? On Jan. 25, 1997, a series of huge Ponzi schemes in Albania simultaneously collapsed. Where Was The Market? The S&P 500 was trading at 765.02 and the Dow Jones Industrial...

Benzinga takes a look back at a notable market-related moment that happened on this date. What Happened? On this day in 1932, President Herbert Hoover created the Reconstruction Finance Corp. Where Was The Market? The S&P 500 finished the month at 8.30, and the Dow Jones Industrial Average...

Benzinga takes a look back at a notable market-related moment that occurred on this date. What Happened? On Jan. 20, 1999, Federal Reserve Chairman Alan Greenspan issued a historic warning to Congress about stock market valuations. Where Was The Market? The S&P 500 traded at 1,256.62 and...

Benzinga takes a look back at a notable market-related moment that occurred on this date. What Happened? On Jan. 18, 2000, Kemper Funds chief investment strategist Robert Froelich gave an infamously ill-timed interview recommending investors buy tech stocks at any price at the height of the...

Benzinga takes a look back at a notable market-related moment that occurred on this date. What Happened: On Jan. 11, 1964, the U.S. government issued its first health warning against cigarettes. Where Was The Market: The S&P 500 traded around 76.45 and the Dow traded near 766.08. What...

Each day, Benzinga takes a look back at a notable market-related moment that happened on this date. What Happened On this day in 2007, Apple Inc. (NASDAQ: AAPL) unveiled the first iPhone after two and a half years of hushed development. Where Was The Market The S&P 500 closed at 1,412.11, while...

Each day, Benzinga takes a look back at a notable market-related moment that occurred on this date. What Happened: On Jan. 6, 1981, Joe Granville warned his newsletter readers to “Sell everything!” Where The Market Was: The Dow closed at 1,004.69 and the S&P 500 traded at 138.12....

Benzinga takes a look back at a notable market-related moment that occurred on this date. What Happened: On this day 133 years ago, Cornelius Vanderbilt, the world’s richest man, died. Where The Market Was: Vanderbilt's death predated both the S&P 500 index and the Dow Jones...