<P> The bear market was confirmed in June 2008 when the Dow Jones Industrial Average (DJIA) had fallen 20% from its October 11, 2007 high . This followed the United States bull market of 2002--07 and was followed by the United States bull market of 2009--2015 . </P> <P> The DJIA, a price - weighted average (adjusted for splits and dividends) of 30 large companies on the New York Stock Exchange, peaked on October 9, 2007 with a closing price of 14,164.53 . On October 11, 2007, the DJIA hit an intra-day peak of 14,198.10 before starting its decline . </P> <P> The decline of 20% by mid-2008 was in tandem with other stock markets across the globe . On September 29, 2008, the DJIA had a record - breaking drop of 777.68 with a close at 10,365.45 . The DJIA hit a market low of 6,443.27 on March 6, 2009, having lost over 54% of its value since the October 9, 2007 high . The bear market reversed course on March 9, 2009, as the DJIA rebounded more than 20% from its low to 7924.56 after a mere three weeks of gains . After March 9, the S&P 500 was up 30% by mid May and over 60% by the end of the year . </P> <Table> <Tr> <Th> Date </Th> <Th> Nasdaq </Th> <Th>% Chng. § </Th> <Th> S&P 500 </Th> <Th>% Chng. § </Th> <Th> Dow Jones </Th> <Th>% Chng. § </Th> <Th> Notes </Th> </Tr> <Tr> <Td> January 3, 2007 </Td> <Td> 2,423.16 </Td> <Td>--</Td> <Td> 1,416.60 </Td> <Td>--</Td> <Td> 12,474.52 </Td> <Td>--</Td> <Td> </Td> </Tr> <Tr> <Td> October 9, 2007 </Td> <Td> 2,803.91 </Td> <Td> + 15.71% </Td> <Td> 1,565.15 </Td> <Td> + 10.49% </Td> <Td> 14,164.53 </Td> <Td> + 13.55% </Td> <Td> The day the DJIA and S&P 500 peaked . </Td> </Tr> <Tr> <Td> October 10, 2007 </Td> <Td> 2,811.61 </Td> <Td> + 0.27% </Td> <Td> 1,562.47 </Td> <Td> − 0.17% </Td> <Td> 14,078.69 </Td> <Td> − 0.61% </Td> <Td> The day the NASDAQ peaked . </Td> </Tr> <Tr> <Td> January 2, 2008 </Td> <Td> 2,609.63 </Td> <Td> − 7.18% </Td> <Td> 1,447.16 </Td> <Td> − 7.38% </Td> <Td> 13,043.96 </Td> <Td> − 7.35% </Td> <Td> </Td> </Tr> <Tr> <Td> June 27, 2008 </Td> <Td> 2,315, 63 </Td> <Td> − 11.27% </Td> <Td> 1,278.38 </Td> <Td> − 11.66% </Td> <Td> 11,346.51 </Td> <Td> − 13.01% </Td> <Td> The day the bear market declared . </Td> </Tr> <Tr> <Td> November 4, 2008 </Td> <Td> 1,780.12 </Td> <Td> − 23.13% </Td> <Td> 1,005.75 </Td> <Td> − 21.33% </Td> <Td> 9,625.28 </Td> <Td> − 15.17% </Td> <Td> Election day </Td> </Tr> <Tr> <Td> January 2, 2009 </Td> <Td> 1,632.21 </Td> <Td> − 8.31% </Td> <Td> 899.35 </Td> <Td> − 10.58% </Td> <Td> 9,034.69 </Td> <Td> − 6.14% </Td> <Td> </Td> </Tr> <Tr> <Td> January 20, 2009 </Td> <Td> 1,440.86 </Td> <Td> − 11.72% </Td> <Td> 804.47 </Td> <Td> − 10.55% </Td> <Td> 7,949.09 </Td> <Td> − 12.02% </Td> <Td> Inauguration of Barack Obama </Td> </Tr> <Tr> <Td> March 9, 2009 </Td> <Td> 1,268.64 </Td> <Td> − 11.95% </Td> <Td> 676.53 </Td> <Td> − 15.90% </Td> <Td> 6,507.04 </Td> <Td> − 18.14% </Td> <Td> The day the DJIA, S&P 500 and NASDAQ bottomed . </Td> </Tr> <Tr> <Td> October 9 / 10, 2007 to March 9, 2009 </Td> <Td> − 1,542.97 </Td> <Td> − 54.9% </Td> <Td> − 888.62 </Td> <Td> − 56.8% </Td> <Td> − 7,657.49 </Td> <Td> − 54.1% </Td> <Td> Cumulative change (from peak to bottom) </Td> </Tr> </Table>

When did the stock market fall in 2008
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