What were the four locations targeted on 9 11?
The attackers were organized into three groups of five members and one group of four, with each group including one designated flight-trained hijacker who took control of the aircraft....September 11 attacksLocationNew York City, New York, U.S.; Arlington, Virginia, U.S.; Stonycreek Township, Pennsylvania, U.S.10 more rows
Which of the twin towers was hit first on 9 11?
September 11, 2001 at 5:14 AM PDTSeptember 11 attacks / Start date
What made the Twin Towers collapse?
The collapse of the World Trade Center occurred during the terrorist attacks of September 11, 2001, after the Twin Towers were struck by two hijacked commercial airliners.
What floor did the plane hit Tower 1?
8:46:40: Flight 11 crashes into the north face of the North Tower (1 WTC) of the World Trade Center, between floors 93 and 99. The aircraft enters the tower intact.
Market Reaction
Airlines and Insurers Take A Hit
- Airline stocks experienced among the worst declines due to the attack. American Airlines(AAL) stock dropped 39% between Sept. 11 to the close on Sept. 17, and United Airlines(UAL) plummeted 42%. Insurance companies reportedly eventually paid $40 billion in claims related to the Sept. 11 attack.2 Among the biggest losers was Warren Buffett's Berkshi...
Investing in Protection
- Some stock sectors, however, experienced major gains after the attacks. Certain technology companies, as well as defense and weapons contractors, saw their shares increase. Many of the buyers were investors anticipating a boost in government business as the country prepared for the long war on terror. Stock prices also spiked for communications and pharmaceutical firms. …
The Market Remains Vulnerable to A Major Disruption
- The Sept. 11 attack shut the stock market for nearly a week and revealed its vulnerability to physical destruction. While the NYSE building wasn’t damaged, many communications links were severed by the fall of the two trade towers. And the reopening of the NYSE was hampered by the Ground Zero recovery operation nearby.4 In response, the NYSE and other exchanges made dra…
The Market and Economy in The Past 20 Years
- Over the long term, the U.S. stock market and economy have enjoyed strong growth despite the negative short-term impact of the attack. In the nearly 20 years since Sept. 11, the S&P 500 index has risen nearly four-fold, despite periods of steep declines, including the 2007-2008 financial crisis.5 And the U.S. economy has enjoyed several long expansions during that period amid maj…