This Day In Market History, Jan. 22: The First ETF Debuts (NYSE:SPY)
Share: Each day, Benzinga takes a look back at a notable market-related moment that happened on this date. What Happened: On this day in 1993, the first exchange-traded fund, the SPDR S&P 500 ETF Trust (NYSE: SPY), launched on the American Stock Exchange. Where Was The Market: The S&P 500 closed at 436.11, while the Dow Jones Industrial Average closed at 3,256.80. What Else Was Going On In The World: Whitney Houston’s “I Will Always Love You” topped charts for its ninth consecutive week, while Walt Disney Co (NYSE: DIS)’s "Aladdin" began its fourth week as box office leader. The ETF...