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Wall Street Insider Trading
James J. McDermott, the first Wall Street chief executive charged with insider trading- Parker Goddard -
Security and Exchange Commission email regulation
Securities and Exchange Commission, Wall Street’s primary overseer, has required firms to save all their e-mails for at least three years, in case regulators want to inspect them.- Parker Goddard -
Terrorist Attacks
Destruction of the twin towers at the World Trading Center caused a financial downturn. Debris falling caused disruptions for financial officers to communication networks.- Parker Goddard -
The SEC Rule
The Securities and Exchange Commission changed a rule governing capital adequacy at Wall Street firms allowed broker-dealers to double their leverage, making them highly fragile and likely to fail in a crisis.- Parker Goddard -
2007
On October 9, 2007, the Dow hit its pre-recession high and closed at 14,164.43. (SC) -
2008 Crash
DJIA fell 777.68 points in trading. Congress rejected the Bank Bailout Bill resulting in bankruptcy, loss of jobs, and business potential downfall. (SC) -
2009 Market Low
DJIA hit a market low lossing 54% of it's value. (SC) -
2010 - "The Year of Uncertainty and Volatility"
The year started off great but on April 20th a deadly explosion on an offshore oil rig operated by BP sends oil gushing into the Gulf of Mexico. BP shares have struggled ever since. (SC) -
Flash Crash
The Dow Jones Industrial Average dropped nearly 1,000 points in just a few minutes, before partially recovering. -SC -
Oil
There was roughly a 50% decline in oil prices during the second half of the year. The budgets of major oil producers stretched and cheaper fuel means higher real incomes for consumers. -SC -
Resignation of Steve Jobs
The resignation of Steve Jobs sent Apple shares falling nearly 3% at the start of trading on Wall Street, decreasing the company's value by nearly $10 billion. -SC -
The Election
The Dow Jones industrial average closed down 2.4% after the election of Obama. Investor reaction is negative due to the defeat of Mitt Romney, a more business friendly candidate. -SC -
Government Shutdown
The government shutdown over the Congressional budget standoff set off a chain reaction of concerns and market uncertainties. The cost of furloughs totaled up to $2 billion. -SC -
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Economic downturn
Apple Inc.'s stock hit it's peak at $133.00 on February 20, 2015, reached $132.37 on July 20, 2015 and then fell to a price of $105 by August 21, 2015. In unison with apple's prices, a lot of other companies' stock prices dipped, such as the oil industry. AP -
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Natural Gas prices plummet
At the start of March, natural gas prices fell into the $1.60s per million BTUs. This price was the lowest the industry has seen since 1999. AP -
Amazon buys Whole Foods
Jeff Bezos purchases Whole Foods for 13.7 billion US dollars. Amazon's share price drove up 3 percent and Whole Foods share price went up 28 percent. AP -
Falling Facebook
Facebook went through a loss of market cap, this loss was 120 billion US dollars in a single day. This loss was the worst day in corporate history. This was a direct response from the "Cambridge-Analytica" privacy scandal, as investors and users discovered the use of social media to influence outcomes and not only the 2016 U.S Presidential election but also the UK’s EU voting. AP -
DOW Jones Industrial Average drop
DOW dropped 343.79 points which equivalates to 1.27% to 26,573.04. This decline was caused because of manufacturing data was released and investors were spooked. AP
