Tuesday, June 28, 2022
  • Login
GAFollowers
  • Home
  • News
  • Culture
  • Opinion
  • Lifestyle
No Result
View All Result
No Result
View All Result
GAFollowers
No Result
View All Result
Home Events Business

“Black Monday” Effects Felt in Georgia

Lauren Spikes by Lauren Spikes
September 2, 2015
Reading Time: 2 mins read
3
“Black Monday” Effects Felt in Georgia
478
SHARES
1.1k
VIEWS
Share on FacebookShare on Twitter

On August 24th China’s Shanghai composite index suffered its most dramatic loss to date – a stunning 8.49% that left the international investment community reeling.

Within minutes of its opening bell the Dow dived 1089 points and closed with an overall loss of 588 points – its worst since August of 2011.

Experts attribute this extreme reaction to panic over the uncertain future of China’s economy and investment opportunities in the region. Others, however, remain unconvinced.

Related post

Atlanta Dream and Arches Brewing Release ‘Dream Empire’ Craft Beer

FirstNet Built with AT&T Now Covers Most of Georgia

How to Simplify Your Home Maintenance Routine and Reduce Waste

Load More

Former CEO of Pimco, Mohamed El-Erian told Bloomberg TV that he is “not a buyer that this is the crisis of all crises. Yes, this is a very unpleasant repricing, very unpleasant. And it’s going to go quite deep, but it’s not going to derail the economy in a major way.”

What does this mean for Georgia Investors? USNews.com says that there is “no need to panic.” Even though your 401k may have taken a hit (especially if your portfolio includes household names like Pepsi and General Electric, both of which plunged more than 20 percent on Black Monday) it’s important to remember that stock market volatility is not, on principle, an indicator of overall economic health and is a known risk for every investor.

Despite severe losses, as of September 1 many companies’ share prices have already recovered and are back to their pre-Black Monday levels. See the table below for more information about how some of the largest Georgia-based companies fared on Black Monday.

“Black Monday” Performance for 5 Companies Headquartered in Atlanta*:

Company Name Share Price at COB on Friday, Aug. 21 Share Price at COB on Tuesday, August 25 % Change
The Home Depot $116.16 $110.97 – 4.47%
United Parcel Service $99.14 $94.46 -4.72%
The Coca-Cola Company $39.53 $37.99 -3.90%
Delta Air Lines, Inc. $43.60 $41.37 -5.11%
The Southern Company $45.80 $42.50 -7.21%

*Source: Google Finance

Tags: black mondaycoca coladeltadowfinancehome depotMohamed El-Erianthe southern companyups
Share191Tweet120
Next Post
Top 3 Social Media Companies in Atlanta

Top 3 Social Media Companies in Atlanta

The 7 Best Bars in Statesboro, GA

The 7 Best Bars in Statesboro, GA

Chipotle to Deliver to 4 Georgia Colleges

Chipotle to Deliver to 4 Georgia Colleges

WINE AND DINE COMEDY NIGHT

BROWSE BY CATEGORIES

  • Albums/Mixtapes
  • Animals
  • Art
  • Atlanta Braves
  • Atlanta Dream
  • Atlanta Falcons
  • Atlanta Hawks
  • Atlanta United
  • Beer
  • Braves News
  • Business
  • Cars
  • Casting
  • Club/Party
  • College
  • College
  • College
  • Comedy
  • Community
  • Concert
  • Crazy
  • Crime
  • Culture
  • Dance
  • Entertainment
  • Events
  • Fashion
  • Festivals
  • Fights
  • Fitness
  • Food News
  • Funny Videos
  • Georgia Eats
  • Georgia Southern
  • Georgia Swarm
  • Georgia Travels
  • Georgia's Greatest
  • Gossip
  • GT
  • High School Sports
  • Holiday
  • International
  • Interviews
  • Jobs
  • Kennesaw
  • Lifestyle
  • List
  • Local
  • Meet & Greets
  • Money
  • Movies
  • Music
  • Music Interview
  • Music News
  • Music Videos
  • Must Read
  • National
  • New Developments
  • News
  • Outdoors
  • Peaches Of The Week
  • Performances
  • Philanthropy
  • Photos
  • Politics
  • Reviews
  • Singles
  • Sneakers
  • Social Media
  • Sports
  • Stories
  • Swimming
  • Technology
  • Things To Do
  • Travel
  • TV
  • UGA
  • Uncategorized
  • Video Games
  • Videos
  • Waffle House News
  • weather

BROWSE BY TOPICS

2 Chainz Alpharetta art AT&T athens atlanta Atlanta Braves atlanta falcons atlanta hawks Atlanta Motor Speedway Atlantic Station Basketball BB&T Atlanta Open big boi Braves buckhead casting call Christmas Drake falcons feature Food football future georgia georgia southern georgia state georgia tech Golf Gucci Mane hawks hooters Isaiah Smart marvel Music NASCAR news savannah Sports Super Bowl tennis ti travel uga young jeezy
  • About
  • Advertise
  • Careers
  • Contact

© 2021 GAFollowers - Everything Georgia

No Result
View All Result
  • Home
  • Politics
  • News
  • Business
  • Culture
  • National
  • Sports
  • Lifestyle
  • Travel
  • Opinion

© 2021 GAFollowers - Everything Georgia

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In