What did the Dow close on December 31 2008?
The Dow Jones Industrial Average closed at 8776 on 12/31/08, as the stock market closed out the year on a positive note but traded on very low volume.
What was the Dow Jones in 1997?
7,447.01
What happened to the stock market in 1997?
The stunning sell-off, the single-largest point drop in U.S. history, proved to be short lived. The very next day, the Dow staged its biggest single-day rally in history, zooming 337 points, or 4.7 percent, to 7,498. New York Stock Exchange volume soared to 1.2 billion shares, another record.
What was the Dow in December 2008?
The Dow Jones Industrial Average plummeted 512.76 points, or 4.31 percent, to close at 11,383.68, led by Alcoa and BofA . The last time the Dow dropped more than 500 points in a single session was in Dec. 2008. The S&P 500 sank 60.27 points, or 4.78 percent, to end at 1,200.07.
What was DJI in 2008?
Dow Jones – 10 Year Daily Chart
| Dow Jones Industrial Average – Historical Annual Data | ||
|---|---|---|
| Year | Average Closing Price | Year Low |
| 2009 | 8,885.65 | 6,547.05 |
| 2008 | 11,244.06 | 7,552.29 |
| 2007 | 13,178.26 | 12,050.41 |
What is the safest investment for my 401k?
Federal bonds are regarded as the safest investments in the market, while municipal bonds and corporate debt offer varying degrees of risk. You can reduce this risk by investing in Treasury inflation-protected securities — or TIPS — although these federal debt instruments tend to have low yields.
What should I do with my 401k during a recession?
Rules for managing your 401(k) in a recession:
- Pay attention to asset allocation.
- Maintain the pace on contributions.
- Don’t jump the gun on withdrawals.
- Look at the big picture.
- Gauge cash needs wisely.
- Avoid taking a loan from your plan.
- Actively look for bargains.
- Keep risk capacity in sight.
Can you lose your 401k in a recession?
In a recession, saving for retirement and contributing to your 401(k) can be difficult, but the funds you save in a down market will get you much closer to retirement than those you save in a bullish market. It is nerve-racking to watch your retirement savings decline with the stock market during a recession.