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The worst day for the markets, in terms of the largest single-day point loss by the Dow Jones Industrial Average, was September 29th, 2008.
It happened when the Dow lost 777.68 points in response to the House’s rejection of the proposed bank bailout plan.
On October 19th, 1987, however, the Dow dropped 22.61% (508 points) in response to a global domino effect of crashing markets. This is the largest single-day percentage drop to date.
Should I Buy the Same Companies Warren Buffett is Buying?
What was the "Flash Crash"?
The primary benchmark for short-term interbank loans around the world is the LIBOR, and Euro Libor is denominated in Euros
Sole proprietorships are businesses owned by a single person. The owner assumes all legal and financial responsibility
The simplest answer is: to make money! Owning shares of a company’s stock is known as taking a long position
Some advisors have practices that focus on specific types of investments or niche markets
While a client should be involved in communication efforts as well, it’s really the advisor that should be reaching...
Forex trading can be profitable but it can also be risky. The daily volume of FOREX is about 3 trillion dollars
A Charitable Remainder Unitrust (CRUT) is an irrevocable trust that donates a fixed percent to a charitable organization
SPDRs (Spiders) are index ETF shares that track the S&P 500, or could refer to other similar ETFs tracking other indices
Currencies that have depreciated are said to be “weaker” than others. It can depreciate in relation to other benchmarks
An income statement is a business’s financial statement that gives the income results from operations and non-operations