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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.
The largest point drop in history occurred on March 16, 2020, when concerns over the ongoing COVID-19 pandemic engulfed the market, dropping the Dow Jones Industrial Average 2,997 points. The largest point gain (+2,113) occurred on March 24, 2020.
On April 2, 2019, Dow Inc. replaced DowDuPont. Dow, Inc. is a spin-off of DowDuPont, itself a merger of Dow Chemical Company and DuPont. [27] [28] [29] On April 6, 2020, Raytheon Technologies replaced United Technologies. Raytheon is the name of the combination of United Technologies and the Raytheon Company, which merged as of April 3, 2020.
On Trump’s inauguration day, the Dow closed at a level of 19,827.25, having risen 95 points from the close of Jan. 19, 2017. 11:19 a.m. ET: Stocks extend losses, Dow plunges 1,300+ points
With Sherwin-Williams entering the Dow today, it immediately becomes one of the most-relevant components. Its $378 share price ranks sixth among the 30 constituents of this iconic index.
PayPal's stock, meanwhile, has increased by 16% for the year-to-date, and by 150% since the start of 2020. 10:20 a.m. ET: Adobe expects a record U.S. online holiday shopping season despite ...
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 Dow traded higher by just 22 points, or less than 0.1%, shortly after the opening bell. Both the Nasdaq and S&P 500 dropped as technology stocks sank following earnings misses from Snap and Intel.