The shading indicates the Dow’s decline around September 29, when TARP legislation was first lowered. Details are as follows:
source: arrive.
as wall street journal famous:
The Dow, which opened sharply lower on fears of more bank failures, closed down 7% at 10365.45, down 777.68 points. Losses in the broader Dow Jones Wilshire 5000 index amounted to $1.2 trillion on paper — more than the size of the proposed rescue package. The Nasdaq closed down 9.1%.
edelberg and sheiner Discussing the impact of a default, citing a 2013 Fed study showing a 30% drop in the stock market. last week, Central Aviation Administration Published an analysis examining a scenario where the stock market falls by 45%. (Compared with a 22% decline between October 2008 and March 2009.)
