What caused the stock market crash of 2011?
This was due to fears of contagion of the European sovereign debt crisis to Spain and Italy, as well as concerns over France’s current AAA rating, concerns over the slow economic growth of the United States and its credit rating being downgraded.
What caused the stock market crash of 2010?
The fat-finger theory: In 2010 immediately after the plunge, several reports indicated that the event may have been triggered by a fat-finger trade, an inadvertent large “sell order” for Procter & Gamble stock, inciting massive algorithmic trading orders to dump the stock; however, this theory was quickly disproved …
What happened to the stock market in 2012?
Stock markets ended 2012 with a bang, with shares climbing on reports that the Senate had reached an agreement to avert the fiscal cliff. The Dow Jones Industrial Average broke a five-day losing streak to climb 166 points on the last trading day of the year, its best-ever performance on New Year’s Eve.
Was there a stock market crash in 2011?
In finance and investing, Black Monday 2011 refers to August 8, 2011, when US and global stock markets crashed following the Friday night credit rating downgrade by Standard and Poor’s of the United States sovereign debt from AAA, or “risk free”, to AA+.
What happened to the stock market in 2011?
By market close, the Dow Jones Industrial Average lost 634.76 points (-5.55%) to close at 10,809.85, making it the 6th largest drop of the index in history. Black Monday 2011 followed just one trading day behind the 10th largest drop of the Dow Jones Index, a 512.76 (-4.31%) drop on August 4, 2011.
The crash of 2011 was up from its base low of 25% on July 22. On August 9, it was down by 3% – a 28% drop in value in about 3 week’s. The market did bounce off that low and then resumed its descent moving to -11% on October 4. From top to bottom was a 36% drop in a little over 2 months.
What happened on August 8th 2011?
In finance and investing, Black Monday 2011 refers to August 8, 2011, when US and global stock markets crashed following the Friday night credit rating downgrade by Standard and Poor’s of the United States sovereign debt from AAA, or “risk free”, to AA+.
What happened on Black Monday 2011?
In finance and investing, Black Monday 2011 refers to August 8, 2011, when US and global stock markets crashed following the Friday night credit rating downgrade by Standard and Poor’s of the United States sovereign debt from AAA, or “risk free”, to AA+. It was the first time in history the United States was downgraded.
What happened to valuation ratios in 2011?
Although earnings for the companies in the S&P 500 rose about 15 percent in 2011, the market was roughly flat. This means that companies’ stock price-to-earnings, or valuation, ratios actually compressed in 2011.