How many millions of dollars did the New York Stock Exchange drop on November 22, 1963?

MiCharlie124

Kennedy assassination: Nov. 22, 1963 The NY Times is now reporting the Dow-Jones Industrial Average (DJIA) instead of its own index. News hit the trading floor at 1:41 p.m. and the DJIA -- which had been up in heavy trading that day -- plunged 21.16 points before the Exchange closed at 2:07 p.m. The closing DJIA was 711.49, off 21.16. http://answers.google.com/answers/threadview?id=378922 Jul 13 10, 8:13 AM

dsimpy

The NY Stock Exchange was closed within 40 minutes of the news of Kennedy's assassination, in order to prevent panic selling. The Dow Jones Index did lose 21 points, down to 711.49 - although when the Stock Exchange reopened the following Monday it experienced its biggest-ever one-day rally, up 32 points. Trading was vulnerable that day (22 November) even before news of the assassination. Two major brokers, Williston & Beane and Ira Haupt & Co. had been backers, unknowingly, of a major futures scam (on vegetable oil and soybean) run by Tino De Angelis, and this had been uncovered shortly before. On the morning of the 22nd, before the news from Dallas came through, there were talks in the Exchange about a takeover of Williston & Beane to provide some level of protection to its investors. Closing the Exchange shortly afterwards possibly saved the extra loss of millions of dollars, from the fallout of both the assassination and Tino's dodgy dealings. https://www.buyandhold.com/bh/en/education/history/2003/tino.html Jul 13 10, 8:34 AM