"row C) to find the dominical letter that is E. The letter for September 18 is B, so the day of the week is Thursday. Use 16 (in the Julian century row, column E) and 76 (in row D) to find the dominical letter that is A. February 23 is a ""D"" day, so the day of the week is Wednesday. In a handwritten note in a collection of astronomical tables, Carl Friedrich Gauss described a method for calculating the day of the week for 1 January in any given year. He never published it. It was finally included in"
"Friday the 13th mini-crash The Friday the 13th mini-crash was a stock market crash that occurred on Friday, October 13, 1989. The crash - referred to by some as ""Black Friday"" - was apparently caused by a reaction to a news story of the breakdown of a $6.75 billion leveraged buyout deal for UAL Corporation, the parent company of United Airlines. When the UAL deal fell through, it helped trigger the collapse of the junk bond market. The deal unraveled because the Association of Flight Attendants pulled out of the deal when management, in negotiations over an Employee Stock Ownership"
"2010 Flash Crash The May 6, 2010, Flash Crash, also known as the Crash of 2:45, the 2010 Flash Crash or simply the Flash Crash, was a United States trillion-dollar stock market crash, which started at 2:32 p.m. EDT and lasted for approximately 36 minutes. Stock indexes, such as the S&P 500, Dow Jones Industrial Average and Nasdaq Composite, collapsed and rebounded very rapidly. The Dow Jones Industrial Average had its second biggest intraday point drop (from the opening) up to that point, plunging 998.5 points (about 9%), most within minutes, only to recover a large part of the loss."
"collapse shakes the confidence of American investors in the security of overseas investments. October 24th: Wall Street Crash of 1929 begins. Stocks lose over 11% of their value upon the opening bell. October 25th - 27th: Brief recovery on the market. October 29th: 'Black Tuesday'. U.S. Stock market collapse, the DOW Jones closing down over 12%. October 30th: one day recovery November 1st: The Federal Reserve begins lowering the discount rate from its 6% level. November 13th: stock market bottoms out at 198.60, followed by a bear market that would last until April 1930. Commodity prices, however, continue to decline"
"Black Monday (1987) In finance, Black Monday refers to Monday, October 19, 1987, when stock markets around the world crashed. The crash began in Hong Kong and spread west to Europe, hitting the United States after other markets had already sustained significant declines. The Dow Jones Industrial Average (DJIA) fell exactly 508 points to 1,738.74 (22.61%). In Australia and New Zealand, the 1987 crash is also referred to as ""Black Tuesday"" because of the time zone difference. The terms ""Black Monday"" and ""Black Tuesday"" are also respectively applied to October 28 and October 29, 1929, which occurred after Black Thursday"
"Black Monday (2011) In finance and investing, Black Monday 2011 refers to August 8, 2011, when US and global stock markets crashed following the Friday night credit rating downgrade by Standard and Poor's of the United States sovereign debt from AAA, or ""risk free"", to AA+. It was the first time in history the United States was downgraded. Moody's issued a report during morning trading which said their AAA rating of U.S. credit was in jeopardy, this after issuing a negative outlook in the previous week. By market close, the Dow Jones Industrial Average lost 634.76 points (-5.55%) to close"
"bonds and other elements of the market. There have been a number of famous stock market crashes like the Wall Street Crash of 1929, the stock market crash of 1973–4, the Black Monday of 1987, the Dot-com bubble of 2000, and the Stock Market Crash of 2008. One of the most famous stock market crashes started October 24, 1929, on Black Thursday. The Dow Jones Industrial Average lost 50% during this stock market crash. It was the beginning of the Great Depression. Another famous crash took place on October 19, 1987 – Black Monday. The crash began in Hong Kong"
"Friday 16 October, when the Dow Jones Industrial Average recorded its biggest-ever one-day slide at the time, a fall of 108.36. City traders and investors spent the weekend, 17–18 October, repairing damaged gardens in between trying to guess market reaction and assessing the damage. 19 October, Black Monday, was memorable as being the first business day of the London markets after the Great Storm. Great Storm of 1987 The Great Storm of 1987 was a violent extratropical cyclone that occurred on the night of 15–16 October, with hurricane-force winds causing casualties in England, France and the Channel Islands as a"
"rating, the global stock markets experienced a prolonged period of heightened selling activity ultimately resulting in the crash of Black Monday 2011. Black Monday (2011) In finance and investing, Black Monday 2011 refers to August 8, 2011, when US and global stock markets crashed following the Friday night credit rating downgrade by Standard and Poor's of the United States sovereign debt from AAA, or ""risk free"", to AA+. It was the first time in history the United States was downgraded. Moody's issued a report during morning trading which said their AAA rating of U.S. credit was in jeopardy, this after"
"for the 19 largest markets in the world averaged 296 percent during this period. The average number of shares traded on the NYSE(New York Stock Exchange) had risen from 65 million shares to 181 million shares. The crash on October 19, 1987, a date that is also known as Black Monday, was the climactic culmination of a market decline that had begun five days before on October 14. The DJIA fell 3.81 percent on October 14, followed by another 4.60 percent drop on Friday, October 16. On Black Monday, the Dow Jones Industrials Average plummeted 508 points, losing 22.6% of"
"October 27, 1997, mini-crash The October 27, 1997, mini-crash is a global stock market crash that was caused by an economic crisis in Asia or ""Tom Yum Goong crisis"" (Thai: วิกฤตต้มยำกุ้ง). The point loss that the Dow Jones Industrial Average suffered on this day currently ranks as the 20th biggest point loss and 15th biggest percentage loss since the Dow's creation in 1896. This crash is considered a ""mini-crash"" because the percentage loss was relatively small compared to some other notable crashes. After the crash, the markets still remained positive for 1997, but the ""mini-crash"" may be considered as the"
"Kennedy Slide of 1962 The Kennedy Slide of 1962, also known as the Flash Crash of 1962, is the term given to the stock market decline from December 1961 to June 1962 during the Presidential term of John F. Kennedy. After the market experienced decades of growth since the Wall Street Crash of 1929, the stock market peaked during the end of 1961 and plummeted during the first half of 1962. During this period, the S&P 500 declined 22.5%, and the stock market did not experience a stable recovery until after the end of the Cuban Missile Crisis. The Dow"
"a New York City Bankruptcy court filing. The same day, the sale of Merrill Lynch to Bank of America was announced. The beginning of the week was marked by extreme instability in global stock markets, with dramatic drops in market values on Monday, September 15, and Wednesday, September 17. On September 16, the large insurer American International Group (AIG), a significant participant in the credit default swaps markets, suffered a liquidity crisis following the downgrade of its credit rating. The Federal Reserve, at AIG's request, and after AIG had shown that it could not find lenders willing to save it"
"last year and a half of his life, where he was guarded 24 hours a day. The bombing has inspired several books, notably ""The Day Wall Street Exploded"", by Beverly Gage, ""The Death Instinct"", by Jed Rubenfeld and ""Buda's Wagon: A Brief History of the Car Bomb (2007)"" by Mike Davis. The bombing is the subject of PBS series ""American Experience"" which broadcast an episode, ""The Bombing of Wall Street"", in February 2018. Wall Street bombing The Wall Street bombing occurred at 12:01 pm on September 16, 1920, in the Financial District of Manhattan, New York City. The blast killed"
"the stock market crash can be attributed to exuberance and false expectations. In the years leading up to 1929, the rising stock market prices had created vast sums of wealth for those invested, in turn encouraging borrowing to further buy more stock. However, on October 24 (Black Thursday), share prices began to fall and panic selling caused prices to fall sharply. On October 29 (Black Tuesday), share prices fell by $14 billion in a single day, more than $30 billion in the week. The value that evaporated that week was 10x more than the entire federal budget and more than"
"series of ""one-off"" or ""case-by-case"" decisions to intervene or not, such as the $85 billion liquidity facility for American International Group on September 16, the federal takeover of Fannie Mae and Freddie Mac, and the bankruptcy of Lehman Brothers. On Monday, October 6, the Dow Jones Industrial Average dropped more than 700 points and fell below 10,000 for the first time in four years. The same day, CNN reported these worldwide stock market events: U.S. Treasury Secretary Henry Paulson proposed a plan under which the U.S. Treasury would acquire up to $700 billion worth of mortgage-backed securities. The plan was"
"to all prominent market products. They also developed new rules, known as ""trading curbs"" or colloquially as circuit breakers, allowing exchanges to temporarily halt trading in instances of exceptionally large price declines in some indexes; for instance, the DJIA. Black Monday (1987) In finance, Black Monday refers to Monday, October 19, 1987, when stock markets around the world crashed. The crash began in Hong Kong and spread west to Europe, hitting the United States after other markets had already sustained significant declines. The Dow Jones Industrial Average (DJIA) fell exactly 508 points to 1,738.74 (22.61%). In Australia and New Zealand,"
"(684 points), after a week, it dropped by 14% (1370 points). An estimated of $1.4 trillion was lost within five days of trading. The NYSE was only 5 blocks from Ground Zero. On May 6, 2010, the Dow Jones Industrial Average posted its largest intraday percentage drop since the October 19, 1987, crash, with a 998-point loss later being called the 2010 Flash Crash (as the drop occurred in minutes before rebounding). The SEC and CFTC published a report on the event, although it did not come to a conclusion as to the cause. The regulators found no evidence that"
"10, stock markets crashed across Europe and Asia. London, Paris and Frankfurt dropped 10% within an hour of trading and again when Wall Street opened for trading. Global markets have experienced their worst weeks since 1987 and some indices, S&P 500, since the Wall Street Crash of 1929. On October 10, within the first five minutes of the trading session on Wall Street, the Dow Jones Industrial Average plunged 697 points, falling below 7900 to its lowest level since March 17, 2003. Later in the afternoon, the Dow made violent swings back and forth across the breakeven line, toppling as"
"Black Monday in 1987. The fall that week of 21% compared to a 28.3% fall 21 years earlier, but some traders were saying it was worse. ""At least then it was a short, sharp, shock on one day. This has been relentless all week."" Business Week also referred to the crisis as a ""stock market crash"" or the ""Panic of 2008"". From October 6–10 the Dow Jones Industrial Average (DJIA) closed lower in all five sessions. Volume levels were record-breaking. The DJIA fell over 1,874 points, or 18%, in its worst weekly decline ever on both a points and percentage"
"of 1962 mirrored those of the Wall Street Crash of 1929, such as the detrimental mix of an extremely volatile stock market, fearful investors, and weak leadership. Kennedy Slide of 1962 The Kennedy Slide of 1962, also known as the Flash Crash of 1962, is the term given to the stock market decline from December 1961 to June 1962 during the Presidential term of John F. Kennedy. After the market experienced decades of growth since the Wall Street Crash of 1929, the stock market peaked during the end of 1961 and plummeted during the first half of 1962. During this"
"Black Monday of October 1987, as a result of a stock collapse of unprecedented size which caused the Dow Jones Industrial Average to fall by 22.6%. This collapse, larger than the stock market crash of 1929, was handled effectively by the global economy and the stock market began to quickly recover. But in North America, the lumbering savings and loans industry was facing decline, which eventually led to a savings and loan crisis which compromised the well-being of millions of US people. The following recession thus impacted the many countries closely linked to the USs, including Australia. Paul Keating, who"
"by a translation error. 3:00 (approx.): Pasquale Buzzelli, who lost consciousness in a North Tower stairway during the collapse, awakens to find himself lying atop the debris with only a fractured foot. 4:00: National news outlets report that high officials in the federal intelligence community are stating that Osama bin Laden is suspect number one. 4:25: The New York Stock Exchange, NASDAQ, and the American Stock Exchange report that they will remain closed Wednesday, September 12. 4:36: President Bush departs Offutt Air Force Base on Air Force One. 5:20:27: The east penthouse on top of 7 World Trade Center crumbles"
"took the place of buying."" In 1932, the Pecora Commission was established by the U.S. Senate to study the causes of the crash. The following year, the U.S. Congress passed the Glass–Steagall Act mandating a separation between commercial banks, which take deposits and extend loans, and investment banks, which underwrite, issue, and distribute stocks, bonds, and other securities. After the experience of the 1929 crash, stock markets around the world instituted measures to suspend trading in the event of rapid declines, claiming that the measures would prevent such panic sales. However, the one-day crash of Black Monday, October 19, 1987,"
"crash of Thursday, October 24, 1929. Sectors of the US economy had been showing some signs of distress for months before October 1929. Business inventories of all types were three times as large as they had been a year before (an indication that the public was not buying products as rapidly as in the past), and other signposts of economic health—-freight carloads, industrial production, and wholesale prices—-were slipping downward. The events in the United States triggered a worldwide depression, which led to deflation and a great increase in unemployment. In the United States between 1929 and 1933, unemployment soared from"
"we may not have an economy on Monday."" The Emergency Economic Stabilization Act, also called the Troubled Asset Relief Program (TARP), was signed into law on October 3, 2008. In a nine-day period from Oct. 1–9, the S&P 500 fell a staggering 251 points, losing 21.6% of its value. The week of Oct. 6–10 saw the largest percentage drop in the history of the Dow Jones Industrial Average – even worse than any single week in the Great Depression. The response of the US Federal Reserve, the European Central Bank, and other central banks was dramatic. During the last quarter"
"a pathological condition where the bid price for a stock exceeded the ask price. These ""locked"" conditions severely curtailed trading. On October 19, trading in Microsoft shares on the NASDAQ lasted a total of 54 minutes. The Crash was the greatest single-day loss that Wall Street had ever suffered in continuous trading up to that point. Between the start of trading on October 14 to the close on October 19, the DJIA lost 760 points, a decline of over 31 percent. The 1987 Crash was a worldwide phenomenon. The FTSE 100 Index lost 10.8% on that Monday and a further"
"Industrial Average (DJIA) dropped 508 points, a 22.6% loss in a single day, the second-biggest one-day drop the exchange had experienced. Black Monday was followed by Terrible Tuesday, a day in which the Exchange's systems did not perform well and some people had difficulty completing their trades. Subsequently, there was another major drop for the Dow on October 13, 1989—the Mini-Crash of 1989. The crash was apparently caused by a reaction to a news story of a $6.75 billion leveraged buyout deal for UAL Corporation, the parent company of United Airlines, which broke down. When the UAL deal fell through,"
"officers managing risk and compliance functions earned as much as $324,000 annually in New York City in 2013. On October 29, 2012,—ironically, the 83rd anniversary of ""Black Tuesday,"" the culmination of the disastrous Wall Street Crash of 1929—Wall Street was disrupted when New York and New Jersey, an area not normally known as a hotbed of hurricane activity the way that areas much further south are, were blasted by Hurricane Sandy. Its 14-foot-high storm surge, a local record, caused massive street flooding in many parts of Lower Manhattan. Power to the area was knocked out by a transformer explosion at"
"Wall Street Lays An Egg Wall Street Lays An Egg describes a headline printed in ""Variety"", a newspaper covering Hollywood and the entertainment industry, on October 30, 1929, over an article describing Black Tuesday, the height of the panic known as the Wall Street Crash of 1929 (the actual headline text was WALL ST. LAYS AN EGG). It is one of the most famous headlines ever to appear in an American publication and continues to be noted in history books into the 21st century. ""Laying an egg"" is an American idiom, current particularly in 20th century show business, meaning ""failing"
"it was clear that the economy was contracting, and the stock market went through a series of unsettling price declines. These declines fed investor anxiety, and events came to a head on October 24, 28, and 29 (known respectively as Black Thursday, Black Monday, and Black Tuesday). On Black Monday, the Dow Jones Industrial Average fell 38.33 points to 260, a drop of 12.8%. The deluge of selling overwhelmed the ticker tape system that normally gave investors the current prices of their shares. Telephone lines and telegraphs were clogged and were unable to cope. This information vacuum only led to"
"more fear and panic. The technology of the New Era, previously much celebrated by investors, now served to deepen their suffering. The following day, Black Tuesday, was a day of chaos. Forced to liquidate their stocks because of margin calls, overextended investors flooded the exchange with sell orders. The Dow fell 30.57 points to close at 230.07 on that day. The glamour stocks of the age saw their values plummet. Across the two days, the Dow Jones Industrial Average fell 23%. By the end of the weekend of November 11, the index stood at 228, a cumulative drop of 40%"
"buy and sell orders every millisecond (""quote stuffing"") — which he witnessed when placing trades at the Chicago Mercantile Exchange (CME). Sarao claimed that he made his choices to buy and sell based on opportunity and intuition and did not consider himself to be one of the HFTs. The 2010 Flash Crash was a United States trillion-dollar stock market crash, in which the ""S&P 500, the Nasdaq 100, and the Russell 2000 collapsed and rebounded with extraordinary velocity."" Dow Jones Industrial Average ""experienced the biggest intraday point decline in its entire history,"" plunging 998.5 points (about 9%), most within minutes,"