The Latest Breaking News from Richard Nixon

Fifty years ago this week — on May 2, 1972 — J. Edgar Hoover, the director of the Federal Bureau of Investigation, died at his home near Washington's Rock Creek Park, and was found the next morning by his housekeeper slumped on the floor next to his bed.

In 1977, people with disabilities occupied federal buildings across America. It was the beginning of something big

U.S. gross domestic product shrank 1.4% in the first quarter at the same time inflation continued to soar. For older Americans, that combination conjures memories of 1970s stagflation, a nightmarish combination of double-digit inflation, double-digit interest rates, soaring gasoline prices and persistently high unemployment. The entire economic mess got dumped…

Each day, Benzinga takes a look back at a notable market-related moment that occurred on this date. What Happened? On April 28, 1970, U.S. President Richard Nixon encouraged Americans to buy stocks. Where The Market Was: The Dow finished the day at 724.33. The S&P 500 traded at 80.27.