AP Photos: A look at key moments in Dow history

AP Photos: As Dow rose and fell, George McGovern conceded, 'Princess Bride' dominated

3/5/2013
ASSOCIATED PRESS
  • Dow-Record-Timeline-panic

    This combination of Associated Press file photos shows from left, crowds panicking in Manhattan's financial district on Oct. 24, 1929, in New York, and right, Dr. Fridtjof Nansen on Oct. 28, 1929. On Monday, Oct. 28, 1929, the Dow lost nearly 13 percent, starting the Great Depression. On the same day, the International Society for the Exploration of the Arctic Regions by Means of Aircraft announced plans for a spring exploration to be led by Norwegian explorer Fridtjof Nansen.

    ASSOCIATED PRESS

    • This combination of undated Associated Press file photos, shows from left, Charles Dow, Wall Street Journal editor, and Edward Jones, who co-founded the Dow Jones Company, and right, Mrs. Jefferson Davis. The Dow Jones industrial average debuted on May 26, 1896, with 12 companies, including American Tobacco, Distilling & Cattle Feeding and General Electric. On the same day, the Confederate Literary Association in Richmond, Va., had a reception with Mrs. Jefferson Davis.
    This combination of undated Associated Press file photos, shows from left, Charles Dow, Wall Street Journal editor, and Edward Jones, who co-founded the Dow Jones Company, and right, Mrs. Jefferson Davis. The Dow Jones industrial average debuted on May 26, 1896, with 12 companies, including American Tobacco, Distilling & Cattle Feeding and General Electric. On the same day, the Confederate Literary Association in Richmond, Va., had a reception with Mrs. Jefferson Davis.

    The Dow Jones industrial average often makes headlines. But let's not forget everything else that happened as the Dow has twisted and turned — from The Muppets suing Mickey Mouse to Barack Obama meeting Joe the Plumber.

    This combination of Associated Press file photos shows from left, crowds panicking in Manhattan's financial district on Oct. 24, 1929, in New York, and right, Dr. Fridtjof Nansen on Oct. 28, 1929. On Monday, Oct. 28, 1929, the Dow lost nearly 13 percent, starting the Great Depression. On the same day, the International Society for the Exploration of the Arctic Regions by Means of Aircraft announced plans for a spring exploration to be led by Norwegian explorer Fridtjof Nansen.
    This combination of Associated Press file photos shows from left, crowds panicking in Manhattan's financial district on Oct. 24, 1929, in New York, and right, Dr. Fridtjof Nansen on Oct. 28, 1929. On Monday, Oct. 28, 1929, the Dow lost nearly 13 percent, starting the Great Depression. On the same day, the International Society for the Exploration of the Arctic Regions by Means of Aircraft announced plans for a spring exploration to be led by Norwegian explorer Fridtjof Nansen.

    May 26, 1896: The Dow Jones industrial average debuts with 12 companies, including American Tobacco, Distilling & Cattle Feeding and General Electric. The Confederate Literary Association in Richmond, Va., plans for a reception with Mrs. Jefferson Davis. (Close: 40.94)

    This combination of Associated Press file photos shows, left, the financial district during a two-day bank holiday on March 4, 1933, and President Franklin D. Roosevelt about to deliver a fireside chat to the American people on March 12, 1933.
    This combination of Associated Press file photos shows, left, the financial district during a two-day bank holiday on March 4, 1933, and President Franklin D. Roosevelt about to deliver a fireside chat to the American people on March 12, 1933.

    Oct. 28, 1929: The Dow loses nearly 13 percent on what comes to be known as Black Monday, the start of the Great Depression. The next day, the New York Times describes an “unexpected torrent” of selling but assures readers that “the storm has now blown itself out.” The International Society for the Exploration of the Arctic Regions by Means of Aircraft plans a spring exploration to be led by Norwegian explorer Fridtjof Nansen. (Close: 260.64)

    March 15, 1933: The Dow has its biggest gain — nearly 15 percent. The stock market had been closed after President Franklin D. Roosevelt temporarily closed U.S. banks, long enough to pass an emergency act in which the Federal Reserve essentially agreed to insure banks’ deposits. (Close: 62.10)

    This combination of Associated Press file photos shows, John P. Duffy, left, specialist at Spear, Leeds & Kellogg, giving a
    This combination of Associated Press file photos shows, John P. Duffy, left, specialist at Spear, Leeds & Kellogg, giving a "V" for victory sign on the New York Stock Exchange on Jan. 8, 1987, after the Dow Jones topped 2,000, and Whitney Houston, right, posing with her Grammy at the annual Grammy Awards presentation in New York City, on March 3, 1988.

    Nov. 14, 1972: First close above 1,000. In Hollywood, police arrest four men for allegedly trying to steal a 2,500-pound brass lion from an antiques store. The week before, President Richard Nixon won re-election by a landslide, beating George McGovern in 49 states. (Close: 1,003.16)

    This combination of Associated Press file photos shows left, headlines from around the country on Oct. 20, 1987, and right Donald Trump in Atlantic City in December 1987.
    This combination of Associated Press file photos shows left, headlines from around the country on Oct. 20, 1987, and right Donald Trump in Atlantic City in December 1987.

    Jan. 8, 1987: First close above 2,000. President Ronald Reagan is recovering after prostate surgery. Paul Simon, Whitney Houston, and the Chicago Bears Shufflin’ Crew's “Super Bowl Shuffle” get Grammy nominations. (Close: 2,002.25)

    This combination of Associated Press file photos shows left, traders working on the floor of the New York Stock Exchange, on April 17, 1991 and right, Kurdish women demonstrating outside the U.S. Embassy in Kuwait City, on Wednesday, April 10, 1991. The Dow first closed above 3,000 on April 17, 1991.
    This combination of Associated Press file photos shows left, traders working on the floor of the New York Stock Exchange, on April 17, 1991 and right, Kurdish women demonstrating outside the U.S. Embassy in Kuwait City, on Wednesday, April 10, 1991. The Dow first closed above 3,000 on April 17, 1991.

    Oct. 19, 1987: Biggest percent loss. The Dow plunges nearly 23 percent in the second panic that comes to be known as Black Monday. Donald Trump says the next day that he had pulled out of the stock market in the previous weeks. “Fatal Attraction” and “The Princess Bride” are two of the top-ranked movies. (Close: 1,738.74)

    April 17, 1991: First close above 3,000. Stocks continue a run-up after worries over Iraq's invasion of Kuwait, higher oil prices, and a recession had pushed them down the previous fall. Henson Associates, owner of The Muppets, accuses Disney of using its characters without license. Soviet President Mikhail Gorbachev pleads for aid in a speech to Japan's parliament. (Close: 3,004.46)

    This combination of Associated Press file photos, shows, left, traders celebrating on the floor of the New York Stock Exchange after the Dow closed above 10,000 points for the first time on March 29, 1999, while right, Rwandan voters line-up behind their chosen candidate, Theoneste Ruhama, in Gisenyi, Rwanda.
    This combination of Associated Press file photos, shows, left, traders celebrating on the floor of the New York Stock Exchange after the Dow closed above 10,000 points for the first time on March 29, 1999, while right, Rwandan voters line-up behind their chosen candidate, Theoneste Ruhama, in Gisenyi, Rwanda.

    April 6, 1998: First close above 9,000, after Citicorp announces its combination with insurer Travelers Group — a deal that ignites the megabank era now blamed in part for the financial crisis. Monica Lewinsky's lawyer says special prosecutor Kenneth Starr should wrap up his investigation of President Bill Clinton and “get a life.” (Close: 9.033.22)

    This combination of Associated Press file photos shows Trader Joey Caputo, left, wiping his face near the closing bell, Monday, Sept. 17, 2001, on the floor of the New York Stock Exchange, and right, six days earlier, the south tower of the World Trade Center collapsing after a terrorist attack in New York. The Dow fell more than 7 percent on Sept. 17, 2001, the first day of trading after the attacks.
    This combination of Associated Press file photos shows Trader Joey Caputo, left, wiping his face near the closing bell, Monday, Sept. 17, 2001, on the floor of the New York Stock Exchange, and right, six days earlier, the south tower of the World Trade Center collapsing after a terrorist attack in New York. The Dow fell more than 7 percent on Sept. 17, 2001, the first day of trading after the attacks.

    March 29, 1999: First close above 10,000. The next day, the Wall Street Journal runs this front-page headline, “If This Is a Bubble, It Sure Is Hard to Pop.” Rwanda holds it first free elections since the 1994 genocide. The previous day, Venus and Serena Williams faced off as finalists in the Lipton Championships. Venus, 18, beat Serena, 17. (Close: 10,006.78)

    Sept. 17, 2001: Trading resumes after being closed four days after the 9/11 attacks. The Dow falls more than 7 percent. Police and firefighters ring the opening bell at the New York Stock Exchange, after two minutes of silence. Major League Baseball resumes with Barry Bonds chasing Mark McGwire's home run record. (Close: 8920.70)

    This combination of Associated Press file photos shows, left, Patrick Kenny a Specialist of Lehman Brothers working his post on the trading floor of the New York Stock Exchange and right, the Lehman Brothers headquarters.
    This combination of Associated Press file photos shows, left, Patrick Kenny a Specialist of Lehman Brothers working his post on the trading floor of the New York Stock Exchange and right, the Lehman Brothers headquarters.

    Oct. 9, 2007: The Dow hits a record high that lasts until today. A New Jersey hospital suspends workers for prying into the medical records of George Clooney, who was treated for a motorcycle accident. (Close: 14,164.53)

    This combination of Associated Press file photos shows, Trader Joe Acquafredda working on the floor of the New York Stock Exchange, on Monday Oct. 13, 2008, and right, supporters of Republican presidential candidate Sen. John McCain, R-Ariz., dressed as Joe the Plumber, in Roanoke, Va.
    This combination of Associated Press file photos shows, Trader Joe Acquafredda working on the floor of the New York Stock Exchange, on Monday Oct. 13, 2008, and right, supporters of Republican presidential candidate Sen. John McCain, R-Ariz., dressed as Joe the Plumber, in Roanoke, Va.

    Sept. 15, 2008: First trading day after the weekend that Lehman Brothers collapsed, Merrill Lynch sold itself to Bank of America, and the government bailed out AIG. The Dow falls more than 4 percent. A federal judge in Montana rejects a plan to allow more than 500 snowmobiles into Yellowstone and Grand Teton national parks. (Close: 10,917.51)

    Oct. 13, 2008: Biggest percent gain since the 1930s, up more than 11 percent, after the government outlines the bank bailout plan that comes to be known as TARP. The win is relative: It follows eight straight days of losses, and the Dow continues falling afterward. The day before, Democratic presidential candidate Barack Obama had encountered Joe the Plumber while campaigning in the Toledo area. (Close: 9,387.61)

    March 9, 2009: The Dow falls to its lowest point of the Great Recession. Iceland seizes another struggling major bank. A first-printing copy of the first Harry Potter book sells for more than $19,000. Chuck Norris turns 69 the next day. (Close: 6,547.05)

    This combination of Associated Press File photos, shows, right, trader Andrew Stavros after the close of trading on Aug. 8, 2011 in Chicago, and left, Selena Gomez and Justin Bieber arriving at the 39th Annual American Music Awards on Sunday, Nov. 20, 2011 in Los Angeles. The evening before the Standard & Poor's ratings agency marked down its grade on U.S. debt causing the Dow to lose more than 5 percent, Selena Gomez and then-boyfriend Justin Bieber toped the news at the Teen Choice Awards.
    This combination of Associated Press File photos, shows, right, trader Andrew Stavros after the close of trading on Aug. 8, 2011 in Chicago, and left, Selena Gomez and Justin Bieber arriving at the 39th Annual American Music Awards on Sunday, Nov. 20, 2011 in Los Angeles. The evening before the Standard & Poor's ratings agency marked down its grade on U.S. debt causing the Dow to lose more than 5 percent, Selena Gomez and then-boyfriend Justin Bieber toped the news at the Teen Choice Awards.

    May 6, 2010: The “flash crash” technical glitch sends stocks swinging. The Dow falls nearly 1,000 points in minutes and closes 347.80 points lower. Picasso's painting “Woman with the Large Hat, Bust” sold the previous day for $9.3 million at Sotheby's. (Close: 10,520.32)

    This combination of Associated Press file photos, shows, from left, stock trader Michael Capolino at the New York Stock Exchange today in New York, and cardinals Francis George, Donald Wuerl and Daniel Di Nardo arriving for a meeting today at the Vatican. Helped by stimulus money from the Federal Reserve, hope that the housing market might be turning a corner, and investors’ willingness to disregard a potential government shutdown in Washington, the dow hit its highest close ever today.
    This combination of Associated Press file photos, shows, from left, stock trader Michael Capolino at the New York Stock Exchange today in New York, and cardinals Francis George, Donald Wuerl and Daniel Di Nardo arriving for a meeting today at the Vatican. Helped by stimulus money from the Federal Reserve, hope that the housing market might be turning a corner, and investors’ willingness to disregard a potential government shutdown in Washington, the dow hit its highest close ever today.

    Aug. 8, 2011: First day of trading after the Standard & Poor's ratings agency marks down its grade on U.S. debt. The Dow loses more than 5 percent. Selena Gomez and then-boyfriend Justin Bieber were top news at the Teen Choice Awards the previous evening. (Close: 10,809.85)

    March 5, 2013: The Dow closes at its highest level, 14,253.77, helped by stimulus money from the Federal Reserve, news that the housing market is improving, and investors’ willingness to disregard a potential government shutdown in Washington. Roman Catholic cardinals ponder who to nominate for pope, a month after Benedict XVI announced his resignation. Uber-luxury carmaker Ferrari reveals a 950-horsepower hybrid supercar, LaFerrari.