Word: historicizing
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Dates: during 1980-1989
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Investors all over the globe were nervous even before markets opened on the historic day that came to be Black Monday, Oct. 19, 1987. On the previous Friday, the Dow Jones industrial average had suffered a record one-day ecline of 108.36 points, to 2246.73. The sense of imminent foreboding...
Traders said there were increasing signs that confidence was returning to Wall Street in the aftermath of last week's historic plunge, although many cautioned the market could resume its downward trek.
Volume was brisk by historic standards yesterday but off from recent sessions, with 258.14 million shares changing hands on the Big Board, the 13th-busiest day.
It took Reagan four days after last Monday's historic collapse on Wall Street to speak out in public on the steps he would take to deal with the crisis. While investors and politicians verged on panic and waited to hear from him, Reagan was only able to muster a...
Most major U.S. exchanges, mean-while, closed two hours early to curb the enormous volume building up since Monday's historic collapse.