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11 The 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.
Some sources (including the file Highlights/Lowlights of The Dow on the Dow Jones website) show a loss of −24.39% (from 71.42 to 54.00) on December 12, 1914, placing that day atop the list of largest percentage losses.
The average was created on July 3, 1884 by Charles Dow, co-founder of Dow Jones & Company, as part of the Customer's Afternoon Letter. From its inception (until May 26, 1896), the Dow Jones Transportation Average consisted of eleven transportation-related companies: nine railroads and two non-rail companies (Western Union and Pacific Mail).
The market finally bottomed in July 1932 with the Dow closing at 41.22, down 89 percent from its pre-crash high. ... Five of the Nasdaq’s 15 worst days ever came between April 2000 and January ...
The Dow Jones Industrial Average finished in five digits for the first time in its history on March 29, 1999, finally clearing a hurdle that had proven too high in recent The Dow's Last Great ...
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Interesting to note that the amount of time it took the Dow to go from its first close above 11,000, to its first close above 12,000 - which was about 7 1/2 years - was the longest time it took the Dow to make one of these 1000pt jumps since the Dow made the first 1000pt jump - from 1000 to 2000, which took from 1972-1987 (15 years).
All three major indexes gained ground, with the Dow and S&P 500 picking up steam in the session's final minutes to exit 2020 at record highs. "It's a quiet day with little news and low volume - an ...