What happened Shares of First Financial Bancorp (FFBC -1.56%) fell 13.2% in March, according to data provided by S&P Global Market Intelligence, after the Midwestern bank was hit by a downgrade early in the month and then was caught up in a broader Federal Reserve-inspired sell-off as the month dragged on. So what
Full Answer
What was the first stock market crash in history?
The earliest-known market crash was the Dutch Tulip Bulb Market Bubble, also known as Tulipmania, which took place in 1637. 1 The first U.S. stock market crash was the Financial Crisis of 1791 to 1792, an event that was preceded by the Crisis of 1772, which occurred in the 13 colonies. 2
What happened to the stock market in January?
January was the month that the U.S. stock market finally succumbed to the pullback that many had been forecasting throughout the latter half of 2021. The S&P 500 flirted with a market correction, falling at one point as much as 9.8% from the prior all-time high.
What happens when the stock market crashes?
Stock market crashes often have a major economic impact; it can take a significant amount of time for marketplaces to return to their pre-crash levels. The earliest-known market crash was the Dutch Tulip Bulb Market Bubble, also known as Tulipmania, which took place in 1637. 1
What is the ticker symbol for first First Union?
First Union’s stock was listed on the New York Stock Exchange (NYSE) under the ticker symbol FTU.
I dipped my toes into lattes, cappuccinos and even cold brew coffee last June
That is, I made by first stock purchase: one share of Starbucks. And I've made next to nothing.
1. The global economy affects me
Starbucks is a global brand and roughly 25% of it revenue comes from outside the United States. So the rest of the world, especially Asia, matters A LOT to Starbucks' success.
2. Leadership lets me relax
If Martin Shkreli ran Starbucks, I'd probably run for the hills. Thankfully, Starbucks CEO Howard Schultz is in charge and he's widely regarded as one of the best CEOs in America.
3. Don't sell when the market freaks out
The markets went nuts in the past 12 months. I learned to keep calm and carry on.
4. What exactly does long-term investing mean?
5 years? 10 years? Life isn't as perfect as a prime number so you can't just say "I'm going to hold onto this for a decade and see what happens."