October 18, 1968 : Stock market soars with rumors of bombing halt in Vietnam

Introduction

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.

Article Details:

October 18, 1968 : Stock market soars with rumors of bombing halt in Vietnam

  • Author

    History.com Staff

  • Website Name

    History.com

  • Year Published

    2009

  • Title

    October 18, 1968 : Stock market soars with rumors of bombing halt in Vietnam

  • URL

    http://www.history.com/this-day-in-history/stock-market-soars-with-rumors-of-bombing-halt-in-vietnam

  • Access Date

    October 22, 2017

  • Publisher

    A+E Networks