After hitting the Jan. 26 peak, the Dow went into free fall, dropping 4% the next week. On Feb. 8, it entered a market correction when it fell 1,032.89 points to 23,860.46. 2022 started off strong with the Dow closing at 36,799.65 on Jan. 4, the fund’s highest close to date.
Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others. Please see Titan’s Legal Page for additional important information. 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. Journalist Charles Dow and his business partner, Edward Jones, established the Dow Jones Industrial Average in 1896 with 12 companies in the industrial sector.
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The number of companies included in the index increased to 20 in 1916 and then to the current number, 30, in 1928. Since its inception, the Dow has remained among the most frequently discussed and commonly tracked equities indexes. The following is a list of the milestone closing levels of the Dow Jones Industrial Average. President John F. Kennedy demanded the removal of the weapons and launched a 13-day naval quarantine to prevent ships from reaching Cuba, which may have held weapons from the Soviets.
The index’s 2016 closing high was 19,974.62, set on Dec. 20, 2016. It hit two of them in the first few weeks in January, closing above 25,000 on Jan. 4. The index breached 26,000 on Jan. 17, then continued on to set 15 closing records in the rest of 2018. The one before that came on the final trading day of 2021, when Dow closed https://www.tradebot.online/ at 36,488.63 on Dec. 29, 2021, smashing the record it set on Nov. 8, 2021. The Dow witnessed a sharp decline in the end of November over fears of inflation and the COVID-19 pandemic, before resuming its quest to break more all-time high milestones. The global stock market is composed of stock exchanges around the world.
A November streak occurred after Donald Trump’s presidential win on Nov. 8. Traders were confident in a business-friendly Republican president. The index closed above 23,000 on Oct. 18, 2017; slightly more than a month later, it broke 24,000.
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However, Monday, December 5, 2016 was when the Dow first closed above 19,200. On Monday, Sept. 15, 2008, Lehman Brothers Holding, Inc. (an investment bank) declared bankruptcy. On Wednesday, panicky bankers withdrew $144 billion from money market funds, almost causing a collapse. The Dow responded with new highs throughout the latter part of 2019, even though trade negotiations had broken down until November.
It began on Jan. 4, when the Dow closed 160 points lower as investors worried about a slowdown in China’s economic growth. All these events created a lot of uncertainty for investors and the Dow bore the brunt of it, falling into a bear market in September 2022. Despite all time highs early in the year, six of the 20 worst-one day point losses for the Dow occurred in 2022.
- Learn all about how the classification system that separates the stock market into 11 sectors can help investors understand the different sectors of the economy.
- Investors worried that China’s yuan devaluation and the uncertainty over the Fed’s rate increase would push the index further downward.
- The most recent record closing occurred on Jan. 4, when the index closed at 36,799.65, blowing past the all-time high closing of 36,585.06 it had just a day before.
- The Dow’s activity broke new records in terms of downward movement in 2009.
- The Dow posted its all-time high during intraday trading on Feb. 23, 2024, reaching a peak of 39,282.28 points.
- This history of the Dow since the Great Depression demonstrates how stock market fluctuations reflect the natural stages of the business cycle.
After reaching an intra-day low of 40.56 on July 8, 1932, the Dow started to recover with a major setback at the start of World War II. The downturn reflected a 10-month recession, from July 1953 to May 1954, during the military demobilization following the Korean War. It hit an all-time high of 34,200.67 points on April 16, 2021.
The index’s highest price at any time was the same day, 39,282.28. Interactive chart of the Dow Jones Industrial Average (DJIA) stock market index for the last 100 years. Historical data is inflation-adjusted using the headline CPI and each data point represents the month-end closing value. The current month is updated on an hourly basis with today’s latest value. The current price of the Dow Jones Industrial Average as of March 14, 2024 is 38,905.66.
These funds track the DJIA through a similar composition and weighting of stocks. Through much of 2022 and 2023, investors were cautious and bearish about equity markets as inflation rocketed. Then, in the last few months of 2023, investors began piling back in as hopes grew that interest rates would soon be cut and a nasty recession averted. The Dow Jones Industrial Average, also known as the Dow or DJIA, tracks 30 large, well-known companies that trade on the New York Stock Exchange and Nasdaq. The Dow’s all-time high at market close stands at 39,131.53, reached on Feb. 23, 2024.
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The Dow started 2022 with a flourish, breaking closing records in the first two trading days of the year. The most recent record closing occurred on Jan. 4, when the index closed at 36,799.65, blowing past the all-time high closing of 36,585.06 it had just a day before. On that day, it closed at 7,286.27, a 37.8% decline from its peak. No one knew if a new bull market had begun until the Dow hit a higher low on March 11, 2003, closing at 7,524.06. The records set in the fall were the first ones since the Dow reached 26,616.71 on Jan. 26, 2018.
As such, point moves are a way to measure the relative change in the index’s value. That said, when comparing the value of the DJIA over time, many financial sites, as we have done above, use an inflation-adjustment calculator such as the U.S. Bureau of Labor’s CPI since this gives the relative change over time. The largest single-day drop, percentage-wise, that the Dow has had occurred when the market crashed on Oct. 19, 1987, Black Monday. The longest bull market in history lasted about 11 years, starting in March 2009 and ending in February 2020.
Actual investment return and principal value is likely to fluctuate and may depreciate in value when redeemed. Liquidity and distributions are not guaranteed, and are subject to availability at the discretion of the Third Party Fund. The Dow rises 19.2% during a post-war recession thanks to strong business spending, even after a decrease in government wartime spending. Following the Great Recession, it took about five years for the stock market to recover. Salesforce has been the leader in customer relationship management (CRM) software for 10 consecutive years, and the CRM market is forecast to grow by 14% annually through 2030. Past performance is never a guarantee of future returns, but crossing the bull market threshold has historically been a good sign for stocks.
In the autumn, it began to consistently close above 35,000 points, and by the last week in December 2021, it surpassed 36,000 points. 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 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.