Each day, Benzinga takes a look back at a notable market-related moment that happened on this date. What Happened? On Jan. 19, 1944, Peter Lynch, legendary investor and former manager of the Fidelity Magellan Fund, was born. Where Was the Market? The S&P 500 finished the month at 11.85, and the Dow Jones Industrial Average stood at 137.83. What Else Was Going On in the World? In 1944, allied forced stormed Normandy Beach as part of the D-Day invasion as World War II fighting raged on in Europe. In the U.S. Franklin D. Roosevelt became the only U.S. president elected to a fourth term in office. The average U.S. worker earned wages of $2,400 per year. King of Mutual Funds Peter Lynch gained legendary status on Wall Street by growing the Fidelity Magellan Fund from $20 million in assets in 1977 to $14 billion in assets by 1990. During Lynch’s …