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Quote of the Day
If I had asked people what they wanted, they would have said ‘faster horses.’
-Henry Ford
June 4th – This Day in Stock Market History
June 4th, 1896 – Henry Ford completes his first car, an experimental vehicle called the quadricycle.
Ford’s quadricycle weighed 500 pounds and had a top speed of 20 miles per hour.
Ford would sell his quadricycle for $200, in order to fund the construction of Ford’s next vehicle.
Ford would continue tinkering for another few years before founding Ford motor company 7 years later, on June 16th, 1903.
Source: https://www.thehenryford.org/collections-and-research/digital-collections/card/252049
June 4th, 1968 – The S&P 500 index closes above 100 for the first time.
However, it would not be the last time the index broke through the 100 point milestone:
For more than a decade the index would periodically rise and fall above the 100 point level. It would not be until 12 years later, in 1980, when the index would permanently break above the 100 point milestone.
Best June 4th in Dow Jones Industrial Average History
1932 – Up 5.12%, 4.28 points.
Worst June 4th in Dow Jones Industrial Average History
2010 – Down 3.15%, 323.31 points.
Read of the Day
- Henry Ford Heritage Foundation: The Birth of the Ford Motor Company
- Cool Fire Technologies: The History of the S&P 500 index (This is an archived post, so there are some formatting errors, but the information is interesting and worth the trouble)
Go To Next Day: June 5th, 1883 – John Maynard Keynes is born. –>
