October 18

This Day in History

Vietnam War

Oct 18, 1968:

Stock market soars with rumors of bombing halt in Vietnam

Rumors that the Johnson administration will soon announce a bombing halt send sales volume on the New York Stock Exchange soaring; U.S. bond prices also climb. The rumors were true and on October 31, in a televised address to the nation, Johnson said that based on recent developments in the Paris peace negotiations, he had ordered a cessation of all bombing raids over North Vietnam.

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