benzinga takes a look back at a notable marketrelated moment that occurred on this date what happened on jan 11 1964 the us government issued its first health warning against cigarettes where was the market the sp 500 traded around 7645 and the dow traded near 76608 what else was going on in the world a pack of cigarettes cost about 160 or 14 hours of labor for minimum wage 115 workers the first onslaught the surgeon general of the us public health service published the first of many advisories on the potential hazards of smoking a scientific literature review revealed causality between cigarettes and chronic bronchitis lung and laryngeal cancer in men and lung cancer in women the report sparked ongoing government intervention in the american tobacco industry over the course of the next few years congress adopted the federal cigarette labeling and advertising act of 1965 and the public health cigarette smoking act of 1969 to regulate the tobacco industry’s promotional strategies the centers for disease control and prevention claim the efforts catalyzed a sharp decline in smokers as of 2014 the us smoking population had fallen from 60 to below 20 of americans according to cbs “the antismoking campaign is a major public health success with few parallels in the history of public health” the cdc wrote on its website the agency continues to expand its intervention methods much to the detriment of the tobacco industry a 2017 nicotine crackdown prompted a sharp selloff in cigarette stocks