After the Peak
The events that led to the Aug. 4 sell-off in the stock market
JULY 17
Dow Jones industrial average hits 9337.97, a record.
JULY 21
Hewlett-Packard warns that third-quarter results will be lackluster thanks to weakness in Asia.
JULY 21
Federal Reserve Chairman Alan Greenspan warns that history suggests a correction is bound to happen, but its timing is uncertain.
JULY 29
White House acknowledges that Independent Counsel Kenneth Starr has subpoenaed President Clinton, raising concerns among overseas investors.
JULY 29
General Motors workers vote to end eight-week-long strike that slowed the manufacturing economy.
JULY 30
Keizo Obuchi is named Prime Minister of Japan, but questions about reforms
persist.
AUG. 3
The National Association of Purchasing Management index is reported at 49.1, its fourth consecutive decline.
AUG. 4
Ford reports its July auto sales fell 4.3%, more than expected.
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