When it comes to stock market shocks, the assassination of U.S. President John F. Kennedy ranks high in Wall Street history. Kennedy was shot and killed in Dallas by Lee Harvey Oswald at 1:30 p.m. on Nov. 22, 1963. When news of the assassination spread on television and radio, stock prices began to fall immediately, and the New York Stock Exchange was closed within about 40 minutes.
How did we recover? What happened next?
After the brief selloff and closing of the New York Stock Exchange, following JFK’s assassination, the market opened up 4.5% the next trading day. Stocks finished higher the following year, 1964, up more than 15 percent.
Source: Bloomberg. Date Range: 7/1/1963 – 6/30/1964. The performance data quoted represents past performance. Past performance does not guarantee future results. One cannot invest directly in an index.