this day in market history

Benzinga takes a look back at a notable market-related moment that occurred on this date. What Happened? On this day in 1963, American Express Company (NYSE: AXP) subsidiary American Express Warehousing declared bankruptcy after inspectors exposed a fraud scheme orchestrated by commodities...

Benzinga takes a look back at a notable market-related moment that happened on this date. What Happened? On this day in 1967, Muriel Siebert became the first female member of the New York Stock Exchange. Where Was The Market? The S&P 500 was trading at 95.89 and the Dow Jones Industrial Average...

Each day, Benzinga will take a look back at a notable market-related moment that happened on this date. What Happened? On Dec. 23, 1913, the U.S. Federal Reserve system was created. Where Was The Market? The creation of the Federal Reserve predates the S&P 500 but the Dow Jones Industrial...

Benzinga takes a look back at a notable market-related moment that happened on this date. What Happened? On Dec. 21, 1988, Drexel Burnham Lambert high-yield bond guru Michael Milken pleaded guilty to six counts of stock parking and stock manipulation. 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? On Dec. 16, 1998, then-CIBC Oppenheimer analyst Henry Blodget raised his price target for Amazon.com, Inc. (NASDAQ: AMZN) from $150 to $400. Where Was The Market? The S&P 500 closed at 1,161...

Benzinga takes a look back at a notable market-related moment that happened on this date. What Happened? On Dec. 14, 1825, a stock market crash attributed to what many economists call the first modern economic crisis took place in England. Where Was The Market? Across the pond in the U.S...

Each day, Benzinga will take a look back at a notable market-related moment that happened on this date. What Happened? In 1962, Warren Buffett bought his first shares of Berkshire Hathaway Inc. (NYSE: BRK-A). Where Was The Market? The S&P 500 was setting up to close the month at 65.06 and...

Benzinga takes a look back at a notable market-related moment that happened on this date. What Happened: On Dec. 9, 1865, the New York Stock Exchange settled on Broad Street — its first permanent location until its 1903 expansion to Wall Street. What Else Was Going On In The World: Just...

Each day, Benzinga will take a look back at a notable market-related moment that happened on this date. What Happened? On this day in 1941, Japan attacked the U.S. naval base in Pearl Harbor, Hawaii at 7:48 a.m. local time on a Sunday morning. Where Was The Market? The stock market was...

Benzinga takes a look back at a notable market-related moment that happened on this date. What Happened? On this day in 1996, Federal Reserve Chairman Alan Greenspan gave his famous “irrational exuberance” speech, warning investors of inflated stock prices roughly four years before the...

Benzinga takes a look back at a notable market-related moment that occurred on this date. What Happened: On Nov. 30, 1999, a $73.7-billion merger between Exxon and Mobil Oil established the largest company in the world. Where The Market Was: The S&P 500 plunged from $282.70 to $224.84, and the...

Benzinga takes a look back at a notable market-related moment that occurred on this date. What Happened? On Nov. 25, 1835, steel magnate Andrew Carnegie was born. Where The Market Was: Carnegie's birth predates both the S&P 500 and the Dow Jones Industrial Average. What Else Was Going On In...

Benzinga takes a look back at a notable market-related moment that occurred on this date. What Happened? On Nov. 23, 1954, the Dow Jones Industrial Average finally made its first new all-time high following the Great Depression. Where The Market Was: The Dow closed at 382.74, and the S&P 500...

Benzinga takes a look back at a notable market-related moment that occurred on this date. What Happened? On Nov. 16, 2001, Burlington Industries filed for Chapter 11 bankruptcy protection. Where The Market Was: The Dow finished the day at 9,866.99. The S&P 500 traded at 1,138.65. What Else Was...

Benzinga takes a look back at a notable market-related moment that occurred on this date. What Happened On this day in 1972, the Dow Jones Industrial Average hit 1,000 for the first time. Where The Market Was The Dow closed at 1,003.16 and the S&P 500 traded at 114.95. Today, the Dow is trading...