Breakthroughs and everyday innovations from the year.
HEADLINES ON January 4, 1989
Full News Archive
- Headline: Dow Jones Opens 1989 with Decline. Impact: If only the Dow had started the year with a bang instead of a whimper! This 23.93 point decline sent traders into a frenzy, leading to countless coffee-fueled late nights in stock offices. Fast-forward a few decades, and we can trace the rise of day trading and meme stocks back to this very moment of despair. Thanks, Dow, for the rollercoaster ride!. Fact: Did you know that a 23.93 point drop in 1989 is like a sneeze in today's market? Back then, people fainted at a slight dip. Now, they just buy the dip, grab a latte, and tweet about it..
- Headline: Education’s New Team Spirit Movement. Impact: This movement to replace rivalry with team spirit may have been a noble effort, but it inadvertently paved the way for an entire generation of participation trophies. Somewhere along the line, we went from team spirit to 'everyone's a winner,' and now kids think they can major in TikTok studies!. Fact: Fun fact: In the world of education, 'team spirit' is often just code for 'let's all pretend to care about group projects that nobody wants to do.'.
Wall Street Time Machine
AAPL
Apple
Apple - If you invested $1,000 in 1989, it would be worth $971,793 today (971.8x return)
MSFT
Microsoft
Microsoft - If you invested $1,000 in 1989, it would be worth $2,127,569 today (2127.6x return)