We may still be listening to Madonna today – who topped the charts with “Like a Prayer” in 1989 – but time has not stood still for your money.
Since CNBC first went live 23 years ago back on April 17, 1989, it has paid to be in the stock market.
Back then, the Dow Jones Industrial Average closed at 2,338 as blue chips continued their march toward recovering losses from the 1987 crash. IBM traded at around $28 a share. The S&P 500 was at 302. The Nasdaq finished on that day in 1989 at 418, while Apple stock languished at around $10 a share.
Oh, how the times have changed.