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Context of 'September 17, 2001: New York Stock Exchange Reopens; Economic Costs of Attack Are High'

This is a scalable context timeline. It contains events related to the event September 17, 2001: New York Stock Exchange Reopens; Economic Costs of Attack Are High. You can narrow or broaden the context of this timeline by adjusting the zoom level. The lower the scale, the more relevant the items on average will be, while the higher the scale, the less relevant the items, on average, will be.

The highly respected Jane’s Terrorism and Security Monitor reports that US intelligence is worried that bin Laden is planning a major attack on US soil. They are said to be particularly concerned about some kind of attack on New York, and they have recommended stepped-up security at the New York Stock Exchange and the Federal Reserve. [NewsMax, 10/5/1999]

Entity Tags: New York Stock Exchange, Osama bin Laden

Timeline Tags: Complete 911 Timeline

There is a sharp increase in the short selling of American and United Airlines stocks on the New York Stock Exchange prior to 9/11. A short sell is a bet that a particular stock will drop. Short selling increases 40 percent over the previous month for these two airlines, compared to an 11 percent increase for other big airlines and one percent for the exchange overall. United’s stock will drops 43 percent and American 39 percent the first day the market reopens after the attack. [Reuters, 9/20/2001; San Francisco Chronicle, 9/22/2001] There is also a short spike in the short interest in Dutch airline KLM three to seven days before 9/11, reaching historically unprecedented levels. [USA Today, 9/26/2001]

Entity Tags: American Airlines, United Airlines, New York Stock Exchange

Timeline Tags: Complete 911 Timeline, 9/11 Timeline

The New York Stock Exchange closes. It is a short distance from the WTC. [MSNBC, 9/22/2001]

Entity Tags: New York Stock Exchange

Timeline Tags: Complete 911 Timeline, 9/11 Timeline

The New York Stock Exchange, closed since the 9/11 attacks, reopens. During the next five days, the Dow Jones drops nearly 2000 points, but then soon rebounds to above pre-9/11 levels. The attacks caused more than $20 billion in property damage to buildings in New York City and Washington. According to one estimate, the work stoppage and other loss of economic output costs about another $47 billion, making the attacks the costliest man-made disaster in US history. [ABC News, 9/10/2002]

Entity Tags: New York Stock Exchange

Timeline Tags: Complete 911 Timeline, 9/11 Timeline

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