Martha Stewart and her broker are indicted for using privileged investment information and then obstructing a federal investigation. Stewart also resigns as chairperson and chief executive officer of "Martha Stewart Living".
Martha Stewart is indicted by a federal grand jury on nine criminal counts including securities fraud, obstruction of justice, and conspiracy in the U.S. government's investigation of her possible insider trading of ImClone Systems stock in December 2001. Just hours after this, she announces that she will quit as chairman and CEO of her company.
The Dow Jones Industrial Average closes above 9,000 for the first time since August 22, 2002.