The stock market crash of 2008 occurred on . The Dow Jones Industrial Average fell by 777.68 points in intraday trading. The market crashed, partly, because Congress initially rejected the Emergency Economic Stabilization Act of 2008, popularly known as the bank bailout bill.
What was the market high in 2008?
What was the market in 2009?
The DJIA hit a market low of 6,469.95 on March 6, 2009, having lost over 54% of its value since the October 9, 2007 high The bear market reversed course on March 9, 2009, as the DJIA rebounded more than 20% from its low to 7924.56 after a mere three weeks of gains.
How long did it take the stock market to recover after the 2008 crash?
The Dow didn't reach its lowest point, which was 54% below its peak, until March 6, 2009. It then took four years for the Dow to fully recover from the crash.
How long did it take the S&P 500 to recover from the 2008 crash?
During the 2008 financial crisis and the Great Recession, the S&P 500 fell 46.13% from October 2007 to March 2009. By March 2013, the S&P had recovered all of its losses from the financial crisis and continued on its 10-year bull run from 2009 to 2019 to climb more than 250%.