Historians R Us

This blog is the property of the AP US History class at Pope John XXIII High School in Everett, MA, USA. Here students explore current events in America, while seeking to understand the historical roots of those events. At the same time, students are able to carry on classroom discussions in the cyber world.

Monday, May 05, 2008

In Past Month, Stocks in Yahoo, Google, and Microsoft Crash

Search Stocks & The Stock Crash: GOOG, YHOO, & MSFT

Today John Battelle what a plunge Google took on the stock market yesterday and in general through the current year. I thought it would be fun to look at Microsoft and Yahoo as well.
The chart above covers the past month and shows Google Yahoo and Microsoft against the over the past month. Of the three, Google's had the greatest decline, down 19.5 percent. Yahoo's just behind at 18.5 percent, with Microsoft at about 12.5 percent. The NASDAQ overall is at 15.5 percent.
No doubt, it's a drop -- but rather than being Google-specific, it seems more tied to the overall decline in stock prices. That doesn't negate the point John makes -- that Googlers do watch the stock price, and the drop will concern many, especially those "underwater" with options to buy the stock at a price higher than it is currently trading.
The dollar figures for yesterday:
Google: Opened at $562.03, closed at $584.35, up 4 percent. Currently: $566.81
Yahoo: Opened at $19.29, closed at $19.86, up 3 percent. Currently: $19.75
Microsoft: Opened at $31.54, closed at $31.96, up 1.3 percent. Currently: $31.82

This is clearly related to the Great Depression when the whole stock market crashed on October 29th Black Tuesday.

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