• Thought of the Day

    Thought of the Day

    2000: Investment satisfaction equals reality minus expectation.

Today in Financial History

1962: As Wall Street's jitters over Pres. John F. Kennedy's attack on the steel industry subside, the market soars. The Dow Jones Industrial Average leaps 4.7%, on near-record volume of 14.75 million shares, to close at 603.96. Trading volume is so heavy that the ticker runs 2 hrs. 23 mins. late by the market's close.

Phyllis S. Pierce, ed., The Dow Jones Averages 1885-1980 (DowJones Irwin, Homewood, IL, 1982), not paginated

1946: With the stock market still euphoric over peace, the Dow Jones Industrial Average hits its immediate post-World War II high of 212.50, a level it will not surpass again until April 12, 1950 — nearly four years of chronic doldrums.