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Published byBernice Osborne Modified over 8 years ago
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2008 Stock Market Crash
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Only time will tell the full story of the stock market crash of 2008, but on Monday October 6, the stock market would start a weeklong decline in which the Dow Jones Industrial Average would fall 1,874 points or 18.1%. And while the cause of this crash may differ from those of 1929 and 1987, they all share one common element - they all began in October.
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Although history may state the actual market crash occurred on Monday, October 6, 2008, the market experienced eight consecutive trading days of negative movement starting on October 1, 2008. The table below shows the decline of the Dow Jones Industrial Average from October 1st through October 10th.Dow Jones Industrial Average
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DateDJIA ClosePoint Change% Change October 1, 200810,831.07-19.59-0.18% October 2, 200810,482.85-348.22-3.22% October 3, 200810,325.38-157.47-1.50% October 6, 20089,955.50-369.88-3.58% October 7, 20089,447.11-508.39-5.11% October 8, 20089,258.10-189.01-2.00% October 9, 20088,579.19-678.91-7.33% October 10, 20088,451.19-128.00-1.49%
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