August Rush

So far, the month of August by all means was the most volatile month of this year. In order to publish my yearly event log I am compiling the list of all the important events that took place in a month. I know we still have almost 4 months left in this year but here I am presenting you with the events that took place in the month of August. Thanks to globalization, I am sure we all get impacted by these events in some way or the other.

Here goes the list.

Aug 4th – Dow loses 512.76 point (4.31% down), NASDAQ loses 136.68 points (5.08% down), S&P500 loses 60.27 points (4.78% down) – Worst day for the market since Dec 2008

Aug 5th – S&P downgraded the US debt rating to AA+ from AAA

Aug 8th – S&P downgraded the debt rating for mortgage finance giants Fannie Mae and Freddie Mac to AA+

Aug 8th - Dow loses 634.76 point (5.55% down), NASDAQ loses 174.72 points (6.09% down), S&P500 loses 79.92 points (6.66% down) – Another very bad day for the market since Dec 2008

Aug 9th – Apple overtakes Exxon Mobil for the first time to become the most valuable public company (in any field of business).

Aug 10th – And another bad day for the market. DOW sheds 519.83 point, NASDAQ loses 101.47 point and S&P loses 51.77 point.

Aug 10th – At the close of the market, Apple ahead of Exxon Mobil for the first time ever and became the most valuable company in the world.

Aug 15th - Google decided to acquire Motorola Mobility for $40.00 per share in cash, or a total of about $12.5 billion.

Aug 18th – HP decided to abandon Touchpad & WebOS, and confirm its plan to spin off PC business.

Aug 24th – Steve Jobs stepped down as Apple’s CEO. Tim Cook became new Apple CEO

Aug 25th – Linux OS turned 20

Though, I might have missed tons of other things that have happened during the month of August, but the events mentioned above were significant enough to get hold of my attention and hence they turned out to be the part of my yearly event log and on this blog.