Each day, Benzinga will take a look back at a notable market-related moment that happened on this date. What Happened? On Dec. 6, 1974, the two-year bear market finally bottomed, marking a 43 percent decline for the Dow Jones Industrial Average in less than two years. Where Was the Market? The S&P 500 closed at 65.01 and the Dow Jones Industrial Average closed at 577.60. What Else Was Going On in the World? The average cost of a new home in the U.S. was $34,900, and the rate of U.S. inflation in 1974 was a staggering 11.3 percent. The Market Bottom The 1973–1974 bear market was a global bear market that was part of the overall U.S. economic recession of the 1970s. The U.S. stock market lost nearly half its value in less than two years, making this particular bear market one of the worst in U.S. history. The sell-off …
-
Recent Posts
-
Archives
- May 2025
- April 2025
- July 2023
- June 2023
- May 2023
- April 2023
- March 2023
- February 2023
- January 2023
- December 2022
- November 2022
- October 2022
- September 2022
- August 2022
- July 2022
- June 2022
- May 2022
- April 2022
- March 2022
- February 2022
- January 2022
- December 2021
- November 2021
- October 2021
- September 2021
- August 2021
- July 2021
- June 2021
- May 2021
- April 2021
- March 2021
- February 2021
- January 2021
- December 2020
- September 2013
- July 2013
- March 2013
- January 2013
- December 2012
- November 2012
- December 1
-
Meta