When a Shocking Rumor Shut Down the New York Stock Exchange
At noon on November 7, 1918, rumors began to spread that Germany was surrendering and World War I was over. Euphoria erupted in the United States, and even the New York Stock Exchange (NYSE) closed at 2:00 PM to celebrate. However, the story turned out to be false, or at least not entirely true. At the time, German officers were traveling to meet with Allied commanders, but peace wouldn't be signed until four days later, on November 11. Let's look at the full story of this peculiar event.