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Salad Oil Scandal Tanks American Express Stock On This Day In Market History
Friday, December 30, 2022 - 11:35am | 377Benzinga 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...
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The NYSE's First Female Member Joins Exchange On This Day In Market History
Wednesday, December 28, 2022 - 4:55pm | 412Benzinga 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...
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This Day In Market History: US Federal Reserve System Is Created
Friday, December 23, 2022 - 10:00am | 342Each 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...
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Michael Milken Pleads Guilty On This Day In Market History
Wednesday, December 21, 2022 - 11:18am | 336Benzinga 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...
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Henry Blodget's Spectacular Amazon Call Came On This Day In Market History
Friday, December 16, 2022 - 1:50pm | 452Benzinga 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...
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The Panic Of 1825 Came On This Day In Market History
Wednesday, December 14, 2022 - 1:48pm | 292Benzinga 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...
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This Day In Market History: Warren Buffett Buys First Shares Of Berkshire Hathaway
Monday, December 12, 2022 - 10:11am | 400Each 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...
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The NYSE Finds A Permanent Home On This Day In Market History
Friday, December 9, 2022 - 12:45pm | 329Benzinga 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...
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This Day In Market History: The Attack On Pearl Harbor
Wednesday, December 7, 2022 - 10:43am | 278Each 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...
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Alan Greenspan's Famous 'Irrational Exuberance' Speech Came On This Day In Market History
Monday, December 5, 2022 - 12:11pm | 425Benzinga 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...
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Exxon-Mobil Merger Creates Largest Company In The World On This Day In Market History
Wednesday, November 30, 2022 - 1:55pm | 375Benzinga 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...
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Andrew Carnegie Is Born On This Day In Market History
Friday, November 25, 2022 - 11:19am | 339Benzinga 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...
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Dow Completes 25-Year Great Depression Recovery On This Day In Market History
Wednesday, November 23, 2022 - 11:25am | 341Benzinga 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...
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Burlington Industries Declares Bankruptcy On This Day In Market History
Wednesday, November 16, 2022 - 12:26pm | 285Benzinga 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...
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The Dow Reaches 1,000 On This Day In Market History
Monday, November 14, 2022 - 10:20am | 307Benzinga 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...