Each day, Benzinga takes a look back at a notable market-related moment that occurred on this date.
What Happened?
On this day in 2000, U.S. District Court Judge Thomas Penfield Jackson ruled that Microsoft Corporation was a monopoly and must be broken up into two companies.
Where the Market Was
The Dow closed at 10,812.86. The S&P 500 traded at around 1,471.36.
What Else Was Going on in the World?
In 2000, America Online and Time Warner Inc. completed their infamous mega-merger. Tiger Woods became the youngest person ever to win a PGA grand slam tournament. The average American earned $40,343 per year.
Microsoft Monopoly
By 2000, Microsoft had been battling antitrust charges from the Department of Justice for the better part of a decade….