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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.
Dow Jones Industrial Average; Closing milestones of the Dow Jones Industrial Average; List of largest daily changes in the S&P 500 Index; List of largest daily changes in the Nasdaq Composite; Stock market crashes in India; List of stock market crashes and bear markets, including: Wall Street Crash of 1929 (October 24–29, 1929)
The Dow soared from 2,753 to 8,000 between January 1990 to July 1997. [44] In October 1997, the events surrounding the 1997 Asian financial crisis plunged the Dow into a 554-point loss to a close of 7,161.15; a retrenchment of 7.18% in what became known as the October 27, 1997 mini-crash.
The largest single-day percentage declines for the S&P 500 and Dow Jones Industrial Average both occurred on Oct. 19, 1987 with the S&P 500 falling by 20.5 percent and the Dow falling by 22.6 percent.
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 following is a list of the milestone closing levels of the S&P 500. 1-point increments are used up to the 20-point level; 2 to 50; 5 to 100; 10 to 500; 20 to 1,000; 50 to 3,000; and 100-point increments thereafter. Bold formatting is applied to every five milestones, excluding peaks. [53]
Some celebrated the Dow Jones (INDEX: ^DJI) finally closing above 13,000 yesterday, but another more-meaningful milestone was recently reached. Adjusted for dividends, the Dow is at an all-time ...
The blue-chip Dow slipped 0.98%, marking a second straight week of losses. Despite the tough week, it was a winning May, with each of the major benchmarks registering a sixth positive month in seven.