This Day In Market History: Long Term Capital Management Loses $533M
Each day, Benzinga takes a look back at a notable market-related moment that occurred on this date.
What Happened? On this day in 1998, Long Term Capital Management lost $533 million on Russian bonds.
Where The Market Was: The Dow Jones Industrial Average closed at 8,533.65 and the S&P 500 traded at 1,081.24.