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This Day In Market History, April 14: Nasdaq Drops 9 6% In Dot-Com Bubble Sell-Off
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This Day In Market History, April 13: Investors Unfazed By FDR s Death
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This Day In Market History, April 12: The Yahoo! IPO
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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 1999, PairGain Technologies stock gained 32% after a company employee made a fraudulent online post suggesting the company was being acquired for $1.35 billion.
Where The Market Was: The Dow finished the day at 10,085.31. The S&P 500 finished at 1,326.89.
What Else Was Going On In The World? In 1999, Boris Yeltsin resigned as the president of Russia and was replaced by Vladimir Putin. Dr. Jack Kevorkian was found guilty of second-degree murder for assisting in patient suicide. The average U.S. monthly rent was $645.
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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 1999, Yahoo! acquired Broadcast.com for $5.7 billion.
Where The Market Was: The Dow finished the day at 9,832.51. The S&P 500 finished at 1,293.72.
What Else Was Going On In The World? In 1999,
Walmart Inc (NYSE: WMT) purchased U.K. supermarket chain ASDA. The U.S. saw its first cases of the West Nile virus. The average annual U.S. income was $40,810.
Cuban Cashes Out: Broadcast.com was founded under the name AudioNet in September 1995 by Christopher Jaeb. Later that year, entrepreneur Mark Cuban took a sizable stake in the company. Broadcast.com was an internet sports radio company that allowed internet users to listen to radio broadcasts of out-of-town sports games online.