How the Dow Jones surged back

Dow Jones hits record high

  • 15 - 16 Sep 2008: Lehman Brothers becomes the biggest bankruptcy in US history, and insurer AIG bailed out by US government
  • 4 Nov 2008: Barack Obama elected president
  • 1 Dec 2008: US officially in recession
  • 2 Apr 2009: G20 leaders agree $1.1tn measures to tackle crisis
  • 2 May 2010:
    First Greek bailout
  • 28 Nov 2010: Republic of Ireland agrees bailout
  • 5 Aug 2011: S&P downgrades US AAA credit rating
  • Feb 2012: Returns to 13,000 for first time in nearly four years
  • 7 May 2013: Dow Jones closes at record high of 15,056
  • 3 Jan 2013: Deal to avert fiscal cliff passes Congress

The US stock market the Dow Jones hit a record high on Tuesday, erasing losses brought on during the global financial crisis.

The record comes just over a year after the index closed above 13,000 for the first time since 19 May 2008.

Analysts suggest growing investor confidence, fuelled by signs of recovery in the US housing market and growth in the services sector, is the reason for the rally

Stock markets plunged in the wake of a steady stream of financial shocks which eroded trust in the investment climate, starting with the collapse of Lehman Brothers in September 2008.

The market hit a low of 6,547 in March 2009.

Here we chart some of the major events affecting investors' confidence over the past five years.

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