Stock Market Global Financial Crisis 2008

Until the stock market crash of 2020 it was the largest point drop in history.

Stock market global financial crisis 2008. Stocks took a nosedive in reaction to the global credit crisis and as the u s. 50 impact of the 2007 2008 global financial crisis on the stock market in nigeria njiforti nigeria must be critically examined to define the path towards the realization of the full benefit of the nigerian stock exchange which is contributing to growth of the nigerian economy and the world at large andrea 2008. The dow jones industrial average fell 777 68 points in intraday trading. On september 16 the large insurer american international group aig a significant participant in the credit default swaps markets suffered a liquidity crisis following the downgrade of its credit rating.

The financial crisis took its toll on individuals and institutions around the globe with millions of american being deeply impacted. Financial institutions started to sink many were absorbed by larger entities and the us government was forced to offer bailouts. The financial crisis of 2007 2008 also known as the global financial crisis gfc was a severe worldwide financial crisis excessive risk taking by banks combined with the bursting of the united states housing bubble caused the values of securities tied to u s. A trader works on the floor of the new york stock exchange on september 15 2008 in.

Real estate to plummet damaging financial institutions globally culminating with the bankruptcy of lehman brothers on september. The slow recovery is a symptom of the permanent decline in gdp following a financial crisis since the economy never fully rebounds from the initial recession. A trader gestures as he works on the floor of the new york stock exchange september 29 2008 in new york city. Global stock markets posted their steepest falls since the 2008 financial crisis on monday after a crash in the oil price amplified concerns about the escalating economic cost of the coronavirus.

The global financial crisis of 2008 2009 refers to the massive financial crisis the world faced from 2008 to 2009. The 2008 financial crisis had its. The speed of the recovery from the 2008 global financial crisis has been unusually slow. The beginning of the week was marked by extreme instability in global stock markets with dramatic drops in market values on monday september 15 and wednesday september 17.

By the fall of 2008 borrowers were defaulting on subprime mortgages in high numbers causing turmoil in the financial markets the collapse of the stock market and the ensuing global great.