The government’s financial bailout plan did not pass in Congress and stocks plunged an ALL-TIME Record One-Day Loss on Wall Street. SELL Orders poured in – The selling was so intense that just 162 stocks rose and 3073 dropped on the NYSE . The prior record one-day loss of 685 points on the first trading day after [...]
Posts Tagged as ‘Black Monday’
2008/09/16
Wall Street Worst Day in 7 Years Black Monday Lehman AIG ML
Wall Street had its worst day down 504 points, Black Monday, since after the September 11 attacks as financial instability surged after Lehman Brothers filed for bankruptcy and insurer AIG struggled for survival while Merrill Lynch ML accepted a takeover bid from Bank of America. Bank of America has aggressively expanded to become the second largest bank in the US, by [...]
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