1. The Market after 9/11
... was right in many ways. The markets in the USA was closed for a couple days after the incident, bond markets had risen strongly, and equity markets have basically collapsed quickly". After the four-day shutdown of the market, the Federal Reserve had a interest rate cut that provided only a marginal lift for Wall Street before trading began. The Dow Jones industrial average begun ... trading at 9,605.51, about 500 points above its low for 2001 and the Nasdaq composite index started at 1,695.38, less than half of ... to be long, with national economic activity reaching a nadir in the fir...
- Word Count: 299
- Approx Pages: 1
- Grade Level: Undergraduate