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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 in 1945, Germany surrendered, ending World War II in Europe.
Where The Market Was: The Dow finished the day at 166.53. The S&P 500 traded at around 14.80.
What Else Was Going On In The World? In 1945, Ho Chi Minh declared Vietnamese independence from France. American physicist and inventor Percy Spencer accidentally discovered that microwaves can heat food. The average cost of a new American house was $4,600.
Victory In Europe: Germany surrendered unconditionally on May 7, and news of the Allied Victory spread throughout the world on May 8, also known as V-E Day.
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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 May 6, 1994, the English Channel tunnel opened to streamline rail transfers between England and the Continent.
Where Was The Market? The S&P 500 traded around 447.82, and the Dow Jones Industrial Average closed around 3,669.50.
What Else Was Going On In The World? On the same day, Nelson Mandela was confirmed the winner of South Africa’s post-apartheid election, and the U.S. House of Representatives passed the Federal Assault Weapons Ban.
English Finally Rejoins The Mainland: England’s Queen Elizabeth II and French President Francois Mitterrand formally opened the 31-mile rail tunnel joining Folkstone, England, to Sangatte, France. The world’s longest underwater tunnel became the first path since the Ice Age to connect England to continental Europe.
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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 in 1893, U.S. stocks suffered their worst intraday loss in history at the time.
Where The Market Was: The Dow finished the day at 30.02.
What Else Was Going On In The World? In 1893, Thomas Edison completed the world’s first movie studio in West Orange, New Jersey. Lizzie Borden was acquitted of the ax murders of her father and stepmother. A fresh, one-pound beef steak cost 10 cents.
Panic Of 1893: On May 5, 1893, the Dow Jones Index dropped more than 24% from 39.90 to 30.02. It would mark the worst intraday sell-off in U.S. history at the time, a record that would stand until 1929.
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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 in 1979,
KKR & Co. L.P. Unit (NYSE: KKR) completed the first modern leveraged buyout of a public company, taking over manufacturer Houdaille Industries for $355 million.
Where The Market Was: The Dow finished the day at 847.57. The S&P 500 traded at 100.69.
What Else Was Going On In The World? In 1979, Michael Jackson released his breakthrough solo album “Off The Wall.” The Entertainment and Sports Programming Network ESPN launched on cable television. The year-end U.S. Federal Reserve interest rate was 15.25%.
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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 27 years ago, scientist Tim Berners-Lee released the source code for WorldWideWeb, the world’s first web browser and editor.
Where The Market Was: The Dow finished the day at 3,427.55. The S&P 500 traded at 440.19.
What Else Was Going On In The World? In 1993, U.S. President George H.W. Bush and Russian President Boris Yeltsin signed the Strategic Arms Reduction Treaty, or START II. Texas law enforcement and the U.S. military sieged the Branch Davidians compound in Waco, Texas. A movie ticket cost $4.14.