What Happened?
On Nov. 23, 1998, America Online acquired Netscape Communications for $4.2 billion.Where The Market Was
The Dow Jones Industrial Average traded at 9,301.15 and the S&P 500 traded at 1,182.99.What Else Was Going On In The World? In 1998, Microsoft Corporation became the most valuable public company in the world with a market cap of $261 billion. Japan completed construction of the world’s longest suspension bridge in Akashi. The average American income was $38,100.
