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Alan Greenspan Issues Dot-Com Bubble Warning On This Day In Market History
Friday, January 20, 2023 - 11:56am | 359Benzinga takes a look back at a notable market-related moment that occurred on this date. What Happened? On Jan. 20, 1999, Federal Reserve Chairman Alan Greenspan issued a historic warning to Congress about stock market valuations. Where Was The Market? The S&P 500 traded at 1,256.62 and...
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Crypto Is Facing A Trust Crisis: One Part Lehman Brothers, One Part Dot-Com Bubble?
Wednesday, November 23, 2022 - 11:36am | 725People keep asking if the the cryptocurrency market is comparable to the Lehman Brothers moment or if it's another rendition of the dot-com bubble, Galaxy Digital Holdings Ltd (Pink: BRPHF) CEO Mike Novogratz said Wednesday on CNBC's "Squawk Box." "It'...
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This Day In Market History: S&P 500 Hits 1,500 For The First Time
Tuesday, March 22, 2022 - 9:12am | 277Each day, Benzinga takes a look back at a notable market-related moment that occurred on this date. What Happened? On March 22, 2000, the S&P 500 closed above 1,500 for the first time. Where The Market Was: The Dow finished the day at 10,866.70. The S&P 500 finished at 1,500.64. What Else...
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This Day In Market History: The Cisco Systems IPO
Wednesday, February 16, 2022 - 10:25am | 314Each day, Benzinga takes a look back at a notable market-related moment that occurred on this date. What Happened? On this day in 1990, Cisco Systems, Inc. (NASDAQ: CSCO) held its IPO. Where The Market Was: The S&P 500 was at 332.72 and the Dow Jones Industrial Average stood at 2,635.59....
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This Day In Market History: Global Crossing Files For Bankruptcy
Friday, January 28, 2022 - 10:53am | 276Each day, Benzinga takes a look back at a notable market-related moment that happened on this date. What Happened? On this day in 2002, telecommunications company Global Crossing filed for bankruptcy. Where Was The Market? The S&P 500 traded at and the Dow Jones Industrial Average traded at....
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This Day In Market History: Dow Hits Dot-Com Bubble Peak
Friday, January 14, 2022 - 10:16am | 345Each day, Benzinga will take a look back at a notable market-related moment that happened on this date. What Happened? On Jan. 14, 2000, the Dow Jones Industrial Average reached its dot-com bubble peak. What Else Was Going On In The World? In 2000, Vermont passed HB847, a bill legalizing Civil...
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This Day In Market History: Nasdaq Hits 2,000
Friday, July 16, 2021 - 9:20am | 243Each day, Benzinga takes a look back at a notable market-related moment that occurred on this date. What Happened? On July 16, 1998, the Nasdaq Composite Index closed above 2,000 for the first time. Where The Market Was: The Dow Jones Industrial Average closed the day at 9,328.19 and the S&P...
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This Day In Market History: S&P 500 Hits 1,300 For The First Time
Monday, March 15, 2021 - 9:23am | 257Each day, Benzinga takes a look back at a notable market-related moment that occurred on this date. What Happened? On this day in 1999, the S&P 500 closed above 1,300 for the first time. Where The Market Was: The Dow finished the day at 9,958.77. The S&P 500 finished at 1,307.26. What...
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Here's How Much Investing $1,000 In The 5 Biggest Dot-Com Bubble Tech Stocks Would Be Worth Today
Sunday, October 4, 2020 - 4:30pm | 821Despite an ongoing pandemic and the U.S. economy barely limping along, the Nasdaq is still trading more than 50% above its March lows. The surge in tech stocks in 2020 has understandably led investors to draw comparisons to the dot-com bubble in 2000. The Nasdaq ultimately peaked at 5,048.62 on...
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Here's How Long It Took Microsoft To Reach A $100B Market Cap
Thursday, March 12, 2020 - 1:19pm | 675Microsoft Corporation (NASDAQ: MSFT) has seen it all before, having weathered the dot-com bust of 2000 and the Great Recession along its rocky road to $1 trillion in valuation. Here's a look at how it went from IPO to its first valuation milestone, $100 billion, and eventually to $1 trillion....
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How To Play The 2020 Stock Market Crash: Like 1987, 2000 Or 2008?
Tuesday, March 10, 2020 - 3:16pm | 649After another volatile open on Tuesday, the SPDR S&P 500 ETF (NYSE: SPY) is down 15% overall in the past month due to fears over the coronavirus outbreak and Monday’s collapse in oil prices. Investors are reaching the critical point in the sell-off at which they need to determine whether...
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Here's How Long It Took Amazon To Reach A $100B Market Cap
Tuesday, March 10, 2020 - 12:40pm | 621Amazon.com, Inc. (NASDAQ: AMZN) built its recent success on next-day delivery. But it didn't get there overnight. Amazon has grown immensely in market capitalization in its two decades-plus as a public company, going from a 1997 IPO market value of $438 million to more than $800 billion. But it...
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This Day In Market History: Dot-Com Bubble Swells To Its Max
Monday, January 14, 2019 - 9:44am | 358Each day, Benzinga takes a look back at a notable market-related moment that occurred on this date. What Happened On Jan. 14, 2000, the bull market ended as the internet bubble peaked. Where The Market Was The S&P 500 struck an intra-day high of $1,473, while the Dow Jones Industrial Average...
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This Day In Market History: Internet Stocks Spark The Biggest NASDAQ Plunge
Thursday, January 4, 2018 - 1:12pm | 343Each day, Benzinga takes a look back at a notable market-related moment that happened on this date. What Happened On this day in 2000, the NASDAQ plummeted a then-record 229.46 points to a 3,901.69 close. Where Was The Market The S&P 500 closed down 3.8 percent at 1,399.42 and the Dow Jones...
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Goldman Compares 'FAAMG' Stocks To High-Flyers Of The Dot-Com Bubble
Friday, June 9, 2017 - 3:14pm | 509The concentrated outperformance of a handful of mega-cap technology stocks in recent years is getting reminiscent of a similar trend during the peak of the dot-com bubble nearly 20 years ago. These massive tech giants have created a “valuation air pocket” in the market, according to...