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The Dow Jones Industrial Average promptly finished Wednesday's session down more than 1,100 points. It rallied slightly on Thursday, but the selling pressure renewed on Friday.
With its 0.04% gain Thursday, the Dow finally broke its 10-day losing streak, the worst since the 70s. But this week’s performance was yet another reminder of why the historically important ...
The Dow was lower by around 350 points, or 0.7%, in early-afternoon trading, the S&P 500 lost 1.2% and the Nasdaq Composite was down by 1.6% after a selloff in Big Tech stocks.
The Dow Jones Industrial Average, the Nasdaq Composite, and the S&P 500 entered the bull market in November 2022, May 2023, and June 2023 respectively. [1] While 2022 was the worst year for Wall Street since 2008, [ 3 ] 2024 saw at least 36 days of closing at record-breaking highs.
14 This was the Dow's close at the peak on January 14, 2000 before the dot-com crash. 15 This was the Dow's close at the peak on October 9, 2007 before the financial crisis of 2007–2008. 16 The Dow first traded above 15,000 on Friday, May 3, 2013 but dropped back before closing that day, it then closed above 15,000 on Tuesday, May 7, 2013.
In 2003, the Dow held steady within the 7,000 to 9,000-point level and recovered to the 10,000 mark by year end. [58] The Dow continued climbing and reached a record high of 14,198.10 on October 11, 2007, a mark which was not matched until March 2013. [59] It then dropped over the next year due to the 2007–2008 financial crisis.
The Dow Jones manager also noted that the index is price-weighted, so lower-priced stocks have less of an impact on the index, and it observed that Dow is the smallest company on the index by ...
The Dow Jones ripped higher by 750 points, with all three major market averages surging nearly 2%. Goolsbee told CNBC that interest rates should continue to decline over the next 12-18 months, and ...