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Stock market has its biggest gain in history...
Stock market has its biggest gain in history...
Item # 672652
March 16, 1933
NEW YORK TIMES, March 16, 1933
* Wall Street - stock market
* Biggest percentage gain is history
While most reports on the stock market have a negative focus--"crash" days always sell well--we are pleased to offer this issue which was a bit of brightness in the midst of the Great Depression.
The Dow Jones Industrial Average had its single best day (percentage change) in history on March 15, 1933 achieving a 15.34% gain. It is this event that is reported on the front page with a headline: "...Stocks Soar As Trading Is Resumed" and subheads: "Record Rise In Shares" "$3,000,000,000 Added to Values in Day by Advance of 15%" and more (see). This event even eclipsed the 936.42 point gain on Oct. 13, 2008, which was an 11.08% gain.
Terrific to have this report in the Times, the home of Wall Street and the stock market.
Complete in 38 pages, light toning and some wear at the margins, generally in good condition.
Category: The 20th Century
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