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Establishment
On May 17, 1792, twenty-four stockbrokers gathered outside 68 Wall Street to sign an agreement that would establish the rules for buying and selling bonds and shares of companies. -
Market Grows
After the Civil War ended the securities market began to grow in New York. Government bonds, banks and insurance stocks trade now -
The Name Game
On March 8,1817, the group drafted their first constitution and put a label toward their organization, The New York Stock & Exchange Board! -
The Great Fires
The Great Fire destroys over 700 buildings in lower Manhattan. The NYS&EB moves to temporary headquarters. -
Civil War
With the outbreak of the Civil War the NYS&BE stopped trading in seceding states. -
Lincoln is Assassinated
The Exchange closes for more than a week following the assassination of Abraham Lincoln -
Jay Cooke & Company
Jay Cooke & Company, a prestigious Philadelphia banking firm, fails on September 19 due to over speculation in railroad stocks. The NYSE closes for ten days as a severe financial panic grips the nation. -
Closed Doors
WWI causes securities exchanges around the world suspend operations to stop plunging prices. The NYSE closes its doors and doens't open for 4 and a half months. -
First President of the Exchange
1938
First President, William McChesney Martin, Jr., becomes the first full-time salaried president of the exchange. -
First Woman Member
1967
First Woman Member, Muriel Siebert becomes the first woman member of the Exchange. -
Asian market trigger
Big losses in the Asian Markets trigger a big sell off in the U.S. Markets.The Dow closed with a loss of 554.26 points, or 7.2 percent. -
A Low For Nasdaq and Dow
At the turn of the century, the technology sector was booming. But a warning from the Fed that inflation might rise faster than expected sent a sobering shock through the market, This caused the Nasdaq to drop 356 points, or 10%. Making it the the worst day in Nasdaq history. The day was only slightly better for the more diverse Dow Jones Industrial Index, which lost 618 points, or 5.7 percent. -
9/11
The terrorist attack on September 11th caused the stock market to close for 1 week. When it opened up the following monday, the DOW was down more than 7 percent, or 685 points. -
Worst Day in Stock History
By the time the markets closed, $1.2 trillion had vanished and the Dow had hemorrhaged 777.68 points, the most points ever lost in a single day of trading in the history of the New York Stock Exchange. This was all caused bythe failure of the House to pass a bank bailout bill that sparked panic in the stock exchange. -
Banks
George W. Bush announced that the U.S. government was going to partially take over the nine largest banks in America. The day after Bush's announcement, the Dow shed 733 points, dropping nearly 8 percent, -
DOW Drops 514
The fear of global recession sparked the 512.76 point drop of the Dow, dropping 4.3 percent. -
2008 Recession
After a year of job loss and declining production, the National Bureau of Economic Research officially declared that the United States was in a recession and was not expected to grow again for at least a year. -
DOW Slides 512.76
The Dow slid 512.76 points, dropping 4.3 percent due to the fear that the European Debt crisis would get worse. -
AAA
The Dow lost 634.76 points, or 5.6 percent, after S&P's announcement that the rating agency was downgrading the United State's perfect AAA credit rating to AA+ -
5th Worst Day in History
the Dow plunged 679 points, the fifth largest single-day drop in history. In the year between the 2007 high and the Oct. 9 drop, the S&P had fallen 42 percent. The steep one-day decline came after news that the auto sales were set to hit record lows for the year and continue to decline throughout 2009.