Encyclopedia > Closing milestones of the Dow Jones Industrial Average
This article is a summary of the closing milestones of the Dow Jones Industrial Average, the best-known stock market index in the world. Since opening at 40.94 on May 26, 1896, the Dow Jones Industrial Average has grown impressively, despite several periods of decline. A comparison of three major stock indices: the NASDAQ Composite, Dow Jones Industrial Average, and S&P 500. ...
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Year 1896 (MDCCCXCVI) was a leap year starting on Wednesday (link will display calendar). ...
Linear graph of the DJIA from 1901 until today Logarithmic graph of the DJIA from 1901 until today The Dow Jones Industrial Average (NYSE: DJI, also called the DJIA, Dow 30, or informally the Dow industrials, the Dow Jones or The Dow) is one of several stock market indices created...
Milestone Highs and Lows
The DJIA from 1901 until 30 March 2007. Notice the boom in the late 1920s and the rise from 1982 until 2000. Like most other stock market indices, the Dow undergoes periods of general increase and general declines or stagnation. A bull market is a term denoting a period of price increases, while a bear market denotes a period of declines. Wall Street generally considers a bear market in session when the main stock market index is more than 20 percent below its all-time high. Image File history File links This is a lossless scalable vector image. ...
Linear graph of the DJIA from 1901 until today Logarithmic graph of the DJIA from 1901 until today The Dow Jones Industrial Average (NYSE: DJI, also called the DJIA, Dow 30, or informally the Dow industrials, the Dow Jones or The Dow) is one of several stock market indices created...
A bull market is a prolonged period of time when prices are rising in a financial market faster than their historical average. ...
A bear market is a prolonged period of time when prices are falling in a financial market. ...
Elaborate marble facade of NYSE as seen from the intersection of Broad and Wall Streets For other uses, see Wall Street (disambiguation). ...
There are two types of bull markets. A secular bull market is a period in which the stock market index is continually reaching all-time highs with only brief periods of correction, as during the 1990s, and can last upwards of 15 years. A cyclical bull market is a period in which the stock market index is reaching 52-week or multi-year highs and may briefly peak at all-time highs before a rapid decline, as in the early 1970s. It usually occurs within relatively longer bear markets and lasts about three years. In investing, a correction is a temporary decrease in price of a type of asset during a bull market. ...
Early may refer to: The word early Early County, Georgia Early, Texas Early, Iowa This is a disambiguation page — a navigational aid which lists other pages that might otherwise share the same title. ...
The following are the secular bull and bear markets experienced by the Dow since its inception: - 1896 - 1929: Bull market. In the summer of 1896 the Dow sheds 30% to set an all-time low of 28.48, but quickly erases its losses, and eventually grows to a closing high of 381.17 (theoretical intra-day high of 386.1) on September 3, 1929.
- 1930 - 1948: Bear market. The stock market crash of 1929 precedes the Great Depression. The Dow plunges to 41.22 (theoretical intra-day low of 40.56) on July 8, 1932, thus erasing 36 years of gains. From here, the index would take 22 years to surpass its previous highs.
- 1949 - 1966: Bull market. The Dow posts impressive growth in the booming economy following the Second World War . Starting from about 150 in June 1949, when P/E ratios reach multi-decade lows, the index ends just five points below 1,000 on February 9, 1966.
- 1967 - 1982: Bear market. Traders deal with a stagnant economy in an inflationary monetary environment. The Dow enters two long downturns in 1970 and 1974; during the latter, it falls nearly 45% to the bottom of a 20-year range. The index approaches the 1,000 milestone at the top of its range three times in 1972, 1976 and 1981, but fails to break the mark decisively.
- 1982 - 2000: Superbull market. The Dow experiences its most spectacular rise in history. From a meager 777 on August 12, 1982, the index grows more than 1,500% to 11,722.98 (actual and theoretical intra-day highs of 11,750.28 and 11,908.50) by January 14, 2000, with the exception of a slight turndown in the late 1980s.
- 2000 - 2003: Bear market. The Dow struggles with the 10,000 - 11,000 range for a year and then deteriorates into a panic atmosphere of severe declines punctuated by brief and violent rallies. The index hits a closing low of 7,286.27 (actual and theoretical intra-day lows of 7,197.49 and 7,181.47 the following day), 38% below its highs, on October 9, 2002. The records of early 2000 stand until the fourth quarter of 2006.
- 2003 - present: Bull market. Beginning around the time of the U.S. intervention in Iraq, a rise in oil prices, metal appreciation, growth in China, a real estate boom, and the initiative for environmentally friendly business plans allow the market to rebound from below 9,000 on the Dow to above 14,000. However, much of the impetus for this growth has come from outside the United States, with foreign investors taking advantage of the weak US dollar. While a cyclical bull market had been widely recognized since 2003, the Dow Theory case for a secular bull market comes from concurrent record highs for the Industrials, Dow Jones Transportation Average, and the Dow Jones Utilities taking place on February 14, 2007 for the first time since March 17, 1998. The Industrials and the Transports (but not the Utilities) again closed at concurrent record highs, along with broad market indices such as the S&P 500, on June 1, 2007. By the common definition, a sustained fall from current levels to below 11,200 would indicate a renewed secular bear market.
is the 246th day of the year (247th in leap years) in the Gregorian calendar. ...
Year 1929 (MCMXXIX) was a common year starting on Tuesday (link will display the full calendar) of the Gregorian calendar. ...
The 1929 stock market crash devastated economies worldwide The Wall Street Crash refers to the stock market crash that occurred on October 29, 1929, when share prices on the New York Stock Exchange collapsed, leading eventually to the Great Depression. ...
The Great Depression started after October 29, 1929, known as Black Tuesday. ...
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In finance, the P/E ratio of a stock (also called its earnings multiple, or simply multiple, P/E, or PE) is used to measure how cheap or expensive share prices are. ...
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Year 1966 (MCMLXVI) was a common year starting on Saturday (link will display full calendar) of the 1966 Gregorian calendar. ...
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2000 (MM) was a leap year starting on Saturday of the Gregorian calendar. ...
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Early may refer to: The word early Early County, Georgia Early, Texas Early, Iowa This is a disambiguation page — a navigational aid which lists other pages that might otherwise share the same title. ...
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Green economics is an approach to economics in which the economy is considered to be a component of, and dependent upon, the natural world within which it resides and of which is it considered a part. ...
The United States dollar is the official currency of the United States. ...
Dow Theory is a theory on stock price movements that provides a basis for technical analysis. ...
The Dow Jones Transportation Average (also called the Dow Jones Transports; DJTA) is the oldest U.S. stock market index. ...
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Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era. ...
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Year 1998 (MCMXCVIII) was a common year starting on Thursday (link will display full 1998 Gregorian calendar). ...
The S&P 500 is an index containing the stocks of 500 Large-Cap corporations, most of which are American. ...
June 1 is the 152nd day of the year (153rd in leap years) in the Gregorian calendar. ...
Incremental Closing Milestones The following is a list of the milestone closing levels of the Dow Jones Industrial Average, in 100-point increments. | Milestone | Closing Level | Date | | The first bull market (1896-1929) | | 100 | 100.25 | January 12, 1906 | | 200 | 200.93 | December 19, 1927 | | 300 | 300.00 | December 31, 1928 | | The post-World War II boom (1949-1966) | | 381.171 | 382.74 | November 23, 1954 | | 400 | 401.97 | December 28, 1954 | | 500 | 500.24 | March 12, 1956 | | 600 | 602.21 | February 20, 1959 | | 700 | 705.52 | May 17, 1961 | | 800 | 800.14 | February 28, 1964 | | 900 | 900.95 | January 28, 1965 | | The 1970s bear market (1967-1982) | | 1,000 | 1,003.16 | November 14, 1972 | | The 1980s bull market (1982-1987) | | 1,100 | 1,121.81 | February 24, 1983 | | 1,200 | 1,209.46 | April 26, 1983 | | 1,300 | 1,304.88 | May 20, 1985 | | 1,400 | 1,403.44 | November 6, 1985 | | 1,500 | 1,511.70 | December 11, 1985 | | 1,600 | 1,600.69 | February 6, 1986 | | 1,700 | 1,713.99 | February 27, 1986 | | 1,800 | 1,804.24 | March 20, 1986 | | 1,900 | 1,903.54 | July 1, 1986 | | 2,000 | 2,002.25 | January 8, 1987 | | 2,100 | 2,102.50 | January 19, 1987 | | 2,200 | 2,201.49 | February 5, 1987 | | 2,300 | 2,333.52 | March 20, 1987 | | 2,400 | 2,405.54 | April 6, 1987 | | 2,500 | 2,510.04 | July 17, 1987 | | 2,600 | 2,635.84 | August 10, 1987 | | 2,700 | 2,700.57 | August 17, 1987 | | The 1990s Superbull (1990-2000) | | 2,800 | 2,810.15 | January 2, 1990 | | 2,900 | 2,900.97 | June 1, 1990 | | 3,000 | 3,004.46 | April 17, 1991 | | 3,100 | 3,101.52 | December 27, 1991 | | 3,200 | 3,201.48 | January 3, 1992 | | 3,300 | 3,306.13 | April 14, 1992 | | 3,400 | 3,413.21 | June 1, 1992 | | 3,500 | 3,500.03 | May 19, 1993 | | 3,600 | 3,604.86 | August 18, 1993 | | 3,700 | 3,710.77 | November 16, 1993 | | 3,800 | 3,803.88 | January 6, 1994 | | 3,900 | 3,914.48 | January 21, 1994 | | 4,000 | 4,003.33 | February 23, 1995 | | 4,100 | 4,138.67 | March 24, 1995 | | 4,200 | 4,201.61 | April 4, 1995 | | 4,300 | 4,303.98 | April 24, 1995 | | 4,400 | 4,404.62 | May 10, 1995 | | 4,500 | 4,510.69 | June 16, 1995 | | 4,600 | 4,615.23 | July 5, 1995 | | 4,700 | 4,702.73 | July 7, 1995 | | 4,800 | 4,801.80 | September 14, 1995 | | 4,900 | 4,922.75 | November 15, 1995 | | 5,000 | 5,023.55 | November 21, 1995 | | 5,100 | 5,105.56 | November 29, 1995 | | 5,200 | 5,216.47 | December 13, 1995 | | 5,300 | 5,304.98 | January 29, 1996 | | 5,400 | 5,405.06 | February 1, 1996 | | 5,500 | 5,539.45 | February 8, 1996 | | 5,600 | 5,600.15 | February 12, 1996 | | 5,700 | 5,748.82 | May 20, 1996 | | 5,800 | 5,838.52 | September 13, 1996 | | 5,900 | 5,904.90 | October 1, 1996 | | 6,000 | 6,010.00 | October 14, 1996 | | 6,100 | 6,177.71 | November 6, 1996 | | 6,200 | 6,206.04 | November 7, 1996 | | 6,300 | 6,313.00 | November 14, 1996 | | 6,400 | 6,430.02 | November 20, 1996 | | 6,500 | 6,547.79 | November 25, 1996 | | 6,600 | 6,600.66 | January 7, 1997 | | 6,700 | 6,703.09 | January 10, 1997 | | 6,800 | 6,833.10 | January 17, 1997 | | 6,900 | 6,961.63 | February 12, 1997 | | 7,000 | 7,022.44 | February 13, 1997 | | 7,100 & 7,200 | 7,214.49 | May 5, 1997 | | 7,300 | 7,333.55 | May 15, 1997 | | 7,400 | 7,435.78 | June 6, 1997 | | 7,500 | 7,539.27 | June 10, 1997 | | 7,600 & 7,700 | 7,711.47 | June 12, 1997 | | 7,800 | 7,895.81 | July 3, 1997 | | 7,900 | 7,962.31 | July 8, 1997 | | 8,000 | 8,038.88 | July 16, 1997 | | 8,100 | 8,116.93 | July 24, 1997 | | 8,200 | 8,254.89 | July 30, 1997 | | 8,300 | 8,314.55 | February 11, 1998 | | 8,400 | 8,451.06 | February 18, 1998 | | 8,500 | 8,545.72 | February 27, 1998 | | 8,600 | 8,643.12 | March 10, 1998 | | 8,700 | 8,718.85 | March 16, 1998 | | 8,800 | 8,803.05 | March 19, 1998 | | 8,900 | 8,906.43 | March 20, 1998 | | 9,000 | 9,033.23 | April 6, 1998 | | 9,100 | 9,110.02 | April 14, 1998 | | 9,200 | 9,211.84 | May 13, 1998 | | 9,300 | 9,328.19 | July 16, 1998 | | 9,400 & 9,500 | 9,544.87 | January 6, 1999 | | 9,600 | 9,643.37 | January 8, 1999 | | 9,700 | 9,736.08 | March 8, 1999 | | 9,800 | 9,897.44 | March 11, 1999 | | 9,900 | 9,958.77 | March 15, 1999 | | 10,000 | 10,006.78 | March 29, 1999 | | 10,100 | 10,197.70 | April 8, 1999 | | 10,200 & 10,300 | 10,339.51 | April 12, 1999 | | 10,400 | 10,411.66 | April 14, 1999 | | 10,500 | 10,581.42 | April 21, 1999 | | 10,600 & 10,700 | 10,727.18 | April 22, 1999 | | 10,800 | 10,831.71 | April 27, 1999 | | 10,900 & 11,000 | 11,014.70 | May 3, 1999 | | 11,100 | 11,107.19 | May 13, 1999 | | 11,200 | 11,200.98 | July 12, 1999 | | 11,300 | 11,326.04 | August 25, 1999 | | 11,400 | 11,405.76 | December 23, 1999 | | 11,500 | 11,522.56 | January 7, 2000 | | 11,600 & 11,700 | 11,722.98 | January 14, 2000 | | The Mid-2000s Bull Market (2003-present) | | 11,722.98 | 11,727.34 | October 3, 2006 | | 11,800 | 11,850.61 | October 4, 2006 | | 11,900 | 11,947.70 | October 12, 2006 | | 12,000 | 12,011.73 | October 19, 2006 | | 12,100 | 12,116.91 | October 23, 2006 | | 12,200 | 12,218.01 | November 14, 2006 | | 12,300 | 12,305.82 | November 16, 2006 | | 12,400 | 12,416.76 | December 14, 2006 | | 12,500 | 12,510.57 | December 27, 2006 | | 12,600 | 12,621.77 | January 24, 2007 | | 12,700 | 12,741.86 | February 14, 2007 | | 12,800 | 12,803.84 | April 18, 2007 | | 12,900 | 12,961.98 | April 20, 2007 | | 13,000 | 13,089.89 | April 25, 2007 | | 13,100 | 13,105.50 | April 26, 2007 | | 13,200 | 13,211.88 | May 2, 2007 | | 13,300 | 13,312.97 | May 7, 2007 | | 13,400 | 13,487.53 | May 16, 2007 | | 13,500 | 13,556.53 | May 18, 2007 | | 13,600 | 13,633.08 | May 30, 2007 | | 13,700 & 13,800 | 13,861.73 | July 12, 2007 | | 13,900 | 13,907.25 | July 13, 2007 | | 14,000 | 14,000.41 | July 19, 2007 | 1This was the Dow's close at the peak of the 1929 bull market, a level that the Dow would not see again for 25 years. A scene typical of the Follies of Florenz Ziegfeld, the most popular Broadway impresario of the decade. ...
January 12 is the 12th day of the year in the Gregorian calendar. ...
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April 14 is the 104th day of the year (105th in leap years) in the Gregorian calendar, with 261 days remaining. ...
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November 6 is the 310th day of the year (311th in leap years) in the Gregorian calendar. ...
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November 14 is the 318th day of the year (319th in leap years) in the Gregorian calendar. ...
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January 7 is the 7th day of the year in the Gregorian calendar. ...
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June 10 is the 161st day of the year (162nd in leap years) in the Gregorian calendar. ...
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is the 189th day of the year (190th in leap years) in the Gregorian calendar. ...
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February 11 is the 42nd day of the year in the Gregorian calendar. ...
Year 1998 (MCMXCVIII) was a common year starting on Thursday (link will display full 1998 Gregorian calendar). ...
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March 19 is the 78th day of the year in the Gregorian calendar (79th in leap years). ...
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April 14 is the 104th day of the year (105th in leap years) in the Gregorian calendar, with 261 days remaining. ...
May 13 is the 133rd day of the year (134th in leap years) in the Gregorian calendar. ...
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January 6 is the 6th day of the year in the Gregorian calendar, with 359 days (360 in leap years) remaining. ...
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January 8 is the 8th day of the year in the Gregorian calendar. ...
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March 11 is the 70th day of the year in the Gregorian calendar (71st in leap years). ...
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April 14 is the 104th day of the year (105th in leap years) in the Gregorian calendar, with 261 days remaining. ...
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May 13 is the 133rd day of the year (134th in leap years) in the Gregorian calendar. ...
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December 23 is the 357th day of the year (358th in leap years) in the Gregorian calendar. ...
January 7 is the 7th day of the year in the Gregorian calendar. ...
2000 (MM) was a leap year starting on Saturday of the Gregorian calendar. ...
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December 27 is the 361st day of the year in the Gregorian calendar (362nd in leap years). ...
January 24 is the 24th day of the year in the Gregorian calendar. ...
Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era. ...
is the 45th day of the year in the Gregorian calendar. ...
is the 108th day of the year (109th in leap years) in the Gregorian calendar. ...
April 20 is the 110th day of the year (111th in leap years) in the Gregorian calendar. ...
is the 115th day of the year (116th in leap years) in the Gregorian calendar. ...
is the 116th day of the year (117th in leap years) in the Gregorian calendar. ...
May 2 is the 122nd day of the year in the Gregorian calendar (123rd in leap years). ...
is the 127th day of the year (128th in leap years) in the Gregorian calendar. ...
May 16 is the 136th day of the year (137th in leap years) in the Gregorian calendar. ...
May 18 is the 138th day of the year (139th in leap years) in the Gregorian calendar. ...
is the 150th day of the year (151st in leap years) in the Gregorian calendar. ...
is the 193rd day of the year (194th in leap years) in the Gregorian calendar. ...
is the 194th day of the year (195th in leap years) in the Gregorian calendar. ...
is the 200th day of the year (201st in leap years) in the Gregorian calendar. ...
Record Highs | Closing: | 14,000.41 | Thursday, July 19, 2007 | | Intra-day Actual: | 14,021.95 | Tuesday, July 17, 2007 | | Intra-day Theoretical: | 14,121.04 | Thursday, July 19, 2007 | is the 200th day of the year (201st in leap years) in the Gregorian calendar. ...
is the 198th day of the year (199th in leap years) in the Gregorian calendar. ...
See also A stock market bubble is a type of economic bubble taking place in stock markets when price of stocks rise and become overvalued by any measure of stock valuation. ...
Black Monday (1987) on the Dow Jones Industrial Average A stock market crash is a sudden dramatic decline of stock prices across a significant cross-section of a stock market. ...
External links - Dow Jones Industrial Average Closing Milestones
- Century of the Dow
- Yahoo: Theoretical DJIA since 1928
- MarketWatch: Recent DJIA
- Theoretical Dow Jones Index
- DJIA on Google Finance
- DJIA on CNN Money
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