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Each day, Benzinga takes a look back at a notable market-related moment that occurred on this date.
What Happened? On this day 17 years ago, Mark Zuckerberg launched
Facebook, Inc (NASDAQ: FB).
Where Was The Market? The S&P 500 was trading at 1,126.52 and the Dow Jones Industrial Average was at 10,470.74.
What Else Was Going On In The World? In 2004, CBS News uncovered torture of Iraq prisoners at the Abu Ghraib prison.
The European Union underwent its largest expansion in history, adding Poland, Czech Republic, Estonia, Latvia, Lithuania, Slovakia, Hungary, Slovenia, Malta and Cyprus to the Eurozone.
The average cost of a new house in the U.S. was $274,500.