1. The Market after 9/11
The destruction of New York's World Trade Center near Wall Street shook the world financial markets after the incident of stocks dropped, oil prices surged, and money flooded into Treasury bonds. ... The markets in the USA was closed for a couple days after the incident, bond markets had risen strongly, and equity markets have basically collapsed quickly". After the four-day shutdown of the market, the Federal Reserve had a interest rate cut that provided only a marginal lift for Wall Street before trading began. ...
- Word Count: 299
- Approx Pages: 1
- Grade Level: Undergraduate