Closing milestones of the Dow Jones Industrial Average Wikipedia

“I would recommend that tariffs be layered in gradually,” Bessent said to CNBC in an interview earlier this month before he was picked. “If you take that price adjustment coupled with all the other disinflationary things President Trump is talking about, we’re going to be at or below the 2% inflation target again.” The Dow is worth a closer look for risk-averse investors or anyone who wants a less expensive opportunity in today’s market.

The following is a list of the record closes of the Dow Jones Industrial Average grouped by year since May 26, 1896. 14This was the Dow’s close at the peak on January 14, 2000 before the dot-com crash. After the end of the second World War, the Dow started another recovery that ultimately led to the all-time closing high set back in 1929.

The Century Turnover Bull Market (1896–

The following is a list of the milestone closing levels of the Dow Jones Industrial Average. The Dow Jones Industrial Average hit 10,000 for the first time in March 1999. The DJIA then hit 11,750 in January 2000, before falling to below 7,200 in October 2002 after the dot-com crash.

(13 record closes)

The Dow Jones Industrial Average (DJIA), Dow Jones, or simply the Dow (/ˈdaʊ/), is a stock market index of 30 prominent companies listed on stock exchanges in the United States. 22This was the fastest 1,000 point gain taking only 5 trading days from closing above 32,000 to close above 33,000. 11The Dow reached an intraday high above 3,000 for the first time on Friday, July 13, 1990, before falling back below by the close. The average closed at 2,999.75 on Monday, July 16, 1990, and closed unchanged the following day;17 however, it would take until April 17 of the next year for the Dow to finally close above 3,000.

1981 (0 record closes)

This was the Dow’s third consecutive trading day with a record close and the fourth record closing in just two months. The previous high was recorded just a day prior, when the index ended the trading day at 36,585.06. The Dow posted its all-time corporate finance high during intraday trading on May 16, 2024, reaching a peak of 40,051.05 points. The highest close occurred the day before when the index closed at 39,908.00 points.

• Investors bet President-elect Donald Trump’s choice for Treasury secretary, Scott Bessent, would help guide the economy without sparking inflation.
• Both of those factors sent inflation in the U.S. soaring to record levels not seen in over 40 years.
• But this robust start was not indicative of extreme volatility the index would face as the year progressed.
• It beat its January high, rising to 9,093.24 by the close of the day.
• The Dow is worth a closer look for risk-averse investors or anyone who wants a less expensive opportunity in today’s market.

Stock Market Crash

Previously, the Dow had fallen from 11,723 in January 2000 to 9,389 in March 2001, dropping 20% (from 20,520 to 16,434 points, inflation-adjusted). The bout of inflation that followed the COVID-19 pandemic led to another sharp sell-off in 2022. Between Jan. 7, 2022, and Sept. 30, 2022, the Dow declined from 36,231.66 to 28,725.51.

The 1920s Bull Market (1924–

Information technology was another underperforming sector, declining 0.6%. The SPDR S&P Homebuilders ETF (XHB) rallied nearly 5% and touched an all-time high, bringing its November gain to 10% and gci broker its year-to-date advance at more than 31%. The S&P 500 is ahead less than 5% in November and more than 25% for the full year. Stovall said current overhangs on the market have been around for a while.

Companies in the DJIA are also chosen by a committee and are balanced to try to represent the state of the overall economy. This means that certain companies may be added to or deleted from the index periodically, and it’s difficult to predict when or which stock will be changed. Despite its limitations, however, the Dow still holds a special place in American finance. Companies are replaced when they no longer meet the index’s listing criteria with those that do. Over time, the index became a bellwether of the U.S. economy, reflecting economic changes. Steel was removed from the index in 1991 and replaced by building material company Martin Marietta.

A lot of Dow stocks have inexpensive valuations relative to the market. Slow-growing Dow companies like Procter & Gamble, McDonald’s, and Walmart aren’t going to wow you with their growth. But they will hold up extremely well during an economic downturn while supporting reliable dividend growth. But the historic peak was delayed by strong economic news, an upturn in March inflation data and statements from Fed officials suggesting interest-rate cuts wouldn’t be coming soon. 18The Dow first traded above 19,200 during the session on Wednesday, November 30, 2016, then flirted with the same milestone the next day.

The bank threw in the image manipulation towel on its bearish call, pointing to a strong economy and the AI boom in its prediction for stocks to rise next year. “40,000 is a great milestone, but end of the day there isn’t much difference between 39,999 and 40k,” Ryan Detrick, chief market strategist at Carson Group, said in a statement emailed Thursday. Here’s a look at each period where the Dow Jones industrial average doubled since the index topped 1250 for the first time in September 1983. Trading is typically carried out in an open outcry auction, or over an electronic network such as CME’s Globex platform. The S&P 500 and Nasdaq rebounded 1.1% and 1.3% on Friday, respectively, after both indexes posted their worst trading days since late April. The close was just shy of a previous record close of 40,003 set on May 17.

The following are some milestones achieved by the Dow Jones Industrial Average. In parentheses, when helpful, we provide the Dow’s points as inflation-adjusted to Feb. 23, 2024, for a relative comparing to its record high. The aggressive growth fund investor had no problem finding investments to buy on Monday. Shares of Macy’s dropped 3% after the retailer said it was delaying the official release of its third-quarter results due to an accounting issue.

Stocks were in the green as the holiday-shortened trading week kicked off Monday morning. Earlier this year, a neuroscientist formerly involved with the drug’s development was accused of submitting false data to get funding for his research. The U.S. Securities and Exchange Commission also alleged two former executives made misleading claims about the company’s clinical trial results in 2020. Consumer discretionary was the second-best performing sector, led to the upside by a 7% pop in shares of D.R. Lutz cautioned that it is unclear whether Makary will be confirmed or if the FDA would take a more positive view on GLP-1 compounding.