Part-Time for Economic Reasons in 2011
Part-Time for Economic Reasons opened 2011 at 8,470 and closed at 8,171, a -3.53% move for the year. The high of 9,166 was reached on September 1, and the low of 8,171 on December 1.
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | 8,470 | 8,470 | 8,470 | 8,470 | +0.00% |
| Feb | 8,464 | 8,464 | 8,464 | 8,464 | +0.00% |
| Mar | 8,645 | 8,645 | 8,645 | 8,645 | +0.00% |
| Apr | 8,652 | 8,652 | 8,652 | 8,652 | +0.00% |
| May | 8,576 | 8,576 | 8,576 | 8,576 | +0.00% |
| Jun | 8,427 | 8,427 | 8,427 | 8,427 | +0.00% |
| Jul | 8,281 | 8,281 | 8,281 | 8,281 | +0.00% |
| Aug | 8,788 | 8,788 | 8,788 | 8,788 | +0.00% |
| Sep | 9,166 | 9,166 | 9,166 | 9,166 | +0.00% |
| Oct | 8,657 | 8,657 | 8,657 | 8,657 | +0.00% |
| Nov | 8,447 | 8,447 | 8,447 | 8,447 | +0.00% |
| Dec | 8,171 | 8,171 | 8,171 | 8,171 | +0.00% |
Events During 2011
S&P stripped the United States of its AAA credit rating on August 5, 2011, the first time in history. Markets whipsawed as the debt ceiling fight showed political risk could reprice government creditworthiness.
Greece's debt revelation in October 2009 triggered a multi-year eurozone crisis that threatened the euro's survival. Greece, Ireland, Portugal, Spain, and Italy required emergency support. Mario Draghi's "whatever it takes" in 2012 ended the acute phase.
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