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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.
This is distinguished from a point swing, which is defined as the difference between the intraday high and the intraday low. Such records that turned positive are also recorded in a separate list. The opening price is used to calculate the point drop. The previous day close is used to calculate the net change.
The Dow Jones Industrial Average, an American stock index composed of 30 large companies, has changed its components 59 times since its inception, on May 26, 1896. [1] As this is a historical listing, the names here are the full legal name of the corporation on that date, with abbreviations and punctuation according to the corporation's own usage.
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 Dow Jones Industrial Average is up 6.8% year to date. As of 1:25 p.m. EST today, it's up 1% to 14,004 on the day -- just 160 Dow Closing In on All-Time High
The Dow soared from 2,753 to 8,000 between January 1990 to July 1997. [43] 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.
Dow Inc. remained in the Dow Jones Industrial Average, which technically gave DuPont (via the split) a continuous presence in the index since 1935. This officially comes to an end today.
Friday the 13th mini-crash: 13 Oct 1989 USA: Failed leveraged buyout of United Airlines causes crash. Early 1990s recession: Jul 1990 USA: Iraq invaded Kuwait in August 1990, causing oil prices to increase. The Dow Jones Industrial Average dropped 18% in three months, from 2,911.63 on 3 July to 2,381.99 on 16 October 1990. This recession lasted ...