How much did the Dow fall at the onset of the Great Depression?
- What are some other notable dates in NYSE history?
- How is the Dow important to our understanding of the activity and performance of blue chip stocks?
- How well has the Dow performed since it began?
- Why is ICE so important to the investing community around the world?
- How important is the NYSE to global equities trading?
On October 29, 1929, at the onset of the Great Depression, the Dow Jones Industrial Average plunged more than 11%, to 230.07 points. The average had hit a peak of 381.17 the month before, but would not reach this number again until 1954.
What are some other notable dates in NYSE history?
In 1987, the DJIA plummeted more than 22% in one day, yet the next day, the volume of shares traded (600 million) created a new volume high record. By 1997, daily trading volume of shares exchanging hands reached one billion. In 2001, in the wake of the World Trade Center attack, the NYSE was closed for four sessions, the longest period of time the exchange was closed since 1933. Yet when the exchange reopened on September 17, 2001, the NYSE hit another record, with over 2.37 billion shares traded. In November 2013, the Intercontinental Exchange Group (ICE) acquired NYSE Euronext, creating the leading global network of regulated exchanges and clearing houses for financial and commodity markets.
How is the Dow important to our understanding of the activity and performance of blue chip stocks?
The Dow has been tracking the performance of a price-weighted basket of 30 blue chip stocks since late 1928, and is seen by many as a barometer of the overall health of the economy and markets.
How well has the Dow performed since it began?
Through 2009, the Dow has risen in 64% of years, and declined in 36% of years.
Why is ICE so important to the investing community around the world?
ICE is so important to the investing community around the world because now, one-third of the world's global cash trading flows through its systems; it trades more than 50% of the world's crude and refined oil futures contracts; it lists 90% of the Dow Jones Industrial 1000 and 78% of S&P 500 listed companies; it introduced 120 Initial Public Offering (IPO) transactions, raising $36.9 billion in 2012; and it currently captures 53% market share of all technology IPOs through the third quarter of 2013.
How important is the NYSE to global equities trading?
The NYSE is very important. With its membership greater than 8,000 listed companies, approximately 40% of all global equities are traded on the NYSE.
