NYSE (New York Stock Exchange) and 11 September 2001

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By Makyol



Perhaps there is no event in American history was as dramatic as the attacks of 9/11/2001. When the attack on Pearl Harbor occurred, we had live radio broadcasts bringing updates, and the next days newspaper how photographs of the mass murder, but with 9/11, we had live, crystal clear television impressions beamed right into our living-rooms. While we still postpone to think of that fearful day, the world’s financial marketplaces took a hit like they never have before as the guggle impression from Ground Zero was felt all-around the globe.


When the attacks happened, and owing to how close the WTC (World Trade Centers) were located to Wall Street, trading was not even began. Everybody that had shown up to work that daytime was told to stay inside till it was secure. Numerous people inside the exchange reported feeling the ground shake as the two towers collapsed, and the exchange became a refuge for those fleeing the giant cloud of dust, smoke and debris that appeared once the towers fell.


The buildings that hold the NYSE were not damaged during the attacks, however a major telephone bunker than held the phone system for the entire area located near the WTC was seriously damaged, therefore making interaction on the floor of the exchange unimaginable.
The stock market remained closed till September 17. It would turn out to be the longest that the market would remain closed since 1933 and the Great Depression. During it is 1st day of merchandising after the attacks, the marketplace lost over 680 levels, the single largest one day drop in the exchanges history. While the drop only calculated for a bit over 7 percentage, it's still believed a major case. By the end of that first week back open, the Dow Jones had lost over 1360 points or 14 percentage of its economic value. It would fall as the worst week in marketplace history. The total fund losings during that time were approximated to be around 1.2 trillion.


The events of September 11 led to a dramatic growth in security around the exchange, as many feel it could be a aim in next attempts.


The events of 9/11 will live on in the minds of everyone who lived through it. For those who had shown up for a day at work on Wall Street, the event is hard to forget. The New York Stock Exchange got through it heavier and so did the nation.

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