September 11 attacks

What was the Dow Jones Industrial Average's record-setting point decline?

The attacks had a significant economic impact on United States and world markets. The stock exchanges did not open on September 11 and remained closed until September 17. Reopening, the Dow Jones Industrial Average (DJIA) fell 684 points, or 7.1%, to 8921, a record-setting one-day point decline. By the end of the week, the DJIA had fallen 1,369.7 points (14.3%), at the time its largest one-week point drop in history. In 2001 dollars, U.S. stocks lost $1.4 trillion in valuation for the week.


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  • British Prime Minister Tony Blair said Britain stood "shoulder to shoulder" with the United States. A few days later, Blair flew to Washington, D.C. to affirm British solidarity with the United States. In a speech to Congress, nine days after the attacks, which Blair attended as a guest, President Bush declared "America has no truer friend than Great Britain." Subsequently, Prime Minister Blair embarked on two months of diplomacy to rally international support for military action; he held 54 meetings with world leaders and traveled more than 40,000 miles (60,000 km).

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  • In an April 2002 interview, Khalid Sheikh Mohammed and Ramzi bin al-Shibh, who are believed to have organized the attacks, said Flight 93's intended target was the United States Capitol, not the White House. During the planning stage of the attacks, Mohamed Atta, the hijacker and pilot of Flight 11, thought the White House might be too tough a target and sought an assessment from Hani Hanjour (who hijacked and piloted Flight 77). Mohammed said al-Qaeda initially planned to target nuclear installations rather than the World Trade Center and the Pentagon, but decided against it, fearing things could "get out of control". Final decisions on targets, according to Mohammed, were left in the hands of the pilots. If any pilot could not reach his intended target, he was to crash the plane.

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  • On September 25, 2001, Iran's fifth president, Mohammad Khatami meeting British Foreign Secretary, Jack Straw, said: "Iran fully understands the feelings of the Americans about the terrorist attacks in New York and Washington on September 11." He said although the American administrations had been at best indifferent about terrorist operations in Iran (since 1979), the Iranians instead felt differently and had expressed their sympathetic feelings with bereaved Americans in the tragic incidents in the two cities. He also stated that "Nations should not be punished in place of terrorists." According to Radio Farda's website, when the attacks' news was released, some Iranian citizens gathered in front of the Embassy of Switzerland in Tehran, which serves as the protecting power of the United States in Iran (U.S. interests protecting office in Iran), to express their sympathy and some of them lit candles as a symbol of mourning. This piece of news at Radio Farda's website also states that in 2011, on the anniversary of the attacks, United States Department of State, published a post at its blog, in which the Department thanked Iranian people for their sympathy and stated that they would never forget Iranian people's kindness on those harsh days. After the attacks, both the President and the Supreme Leader of Iran, condemned the attacks. The BBC and Time magazine published reports on holding candlelit vigils for the victims by Iranian citizens at their websites. According to Politico Magazine, following the attacks, Sayyed Ali Khamenei, the Supreme Leader of Iran, "suspended the usual 'Death to America' chants at Friday prayers" temporarily.

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  • On October 7, 2001, the War in Afghanistan began when U.S. and British forces initiated aerial bombing campaigns targeting Taliban and al-Qaeda camps, then later invaded Afghanistan with ground troops of the Special Forces. This eventually led to the overthrow of the Taliban rule of Afghanistan with the Fall of Kandahar on December 7, 2001, by U.S.-led coalition forces. Conflict in Afghanistan between the Taliban insurgency and the Afghan forces backed by NATO Resolute Support Mission is ongoing. The Philippines and Indonesia, among other nations with their own internal conflicts with Islamic terrorism, also increased their military readiness.

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  • On October 7, 2001, the War in Afghanistan began when U.S. and British forces initiated aerial bombing campaigns targeting Taliban and al-Qaeda camps, then later invaded Afghanistan with ground troops of the Special Forces. This eventually led to the overthrow of the Taliban rule of Afghanistan with the Fall of Kandahar on December 7, 2001, by U.S.-led coalition forces. Conflict in Afghanistan between the Taliban insurgency and the Afghan forces backed by NATO Resolute Support Mission is ongoing. The Philippines and Indonesia, among other nations with their own internal conflicts with Islamic terrorism, also increased their military readiness.

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