Vanguard Launches First Index Fund For US Retail Investors 46 years Ago Today
Each day, Benzinga takes a look back at a notable market-related moment that occurred on this date.
What Happened? On this day in 1976, Vanguard launched the first retail index mutual fund.
Where The Market Was: The Dow Jones Industrial Average closed at 973.74 and the S&P 500 traded at 102.91.
