Stock Market Question: How much value was lost on 9/11?

[dcpsoguy]

Just wondering; can't seem to find a Google Resource on it; and I know you guys know everything. 😀

 

[dullard]

Since prices are above pre 9-11 levels I guess you could say $0.

 

[mundane]

You could take a quote from 9/10, project that two and a half years based upon the trend up to that time. Even that won't be accurate, so there's no way to know for sure how much was lost.

 

[Acanthus]

The nasdaq hasnt recovered... but that can mostly be attributed to the technology crash. Before the tech crash and 9/11 it was over 5000.

The Dow however has broke 10000 again so it is around or even above pre-9/11 levels.

 

[Vic]

Most of the market was already experiencing a downturn before 9/11. The economic downturn and stock market "bubble" burst well before 9/11/01.

For example, the NASDAQ has already lost more than half its value from its peak in March 2000 to early Sept. 2001. While it still experienced some losses after 9/11, they were less than those pre-9/11 (and the post-9/11 losses have since been regained). Text

And while the Dow lost some 1,600 points in a couple of short weeks after 9/11/01, it gained all that back within 6 months (only to lose even more May 02 to Mar 03 for reasons unrelated to 9/11, but all of that has been gained back now). Text

 

[glenn1]

The NYSE reopened on 9-17-01, closed for the day down 68.5 points to 8920 (-7.1%), which is the 14th steepest day of losses ever.

Link

For the first week after being reopened, the Dow was down 14.26%. That's the second-largest weekly percentage decline ever, after a 15.55 percent drop in July 1933 during the Great Depression. The estimates for total U.S. stock market capitalization prior to 9/11 was about $10 trillion, so that means almost a trillion and a half of wealth was destroyed in the aftermath of 9/11.