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The following is a list of the milestone closing levels of the Dow Jones Industrial Average. Legend: 1-point increments are used up to the 20-point level, 2-point increments up to the 50-point level, 5-point increments up to the 100-point level, 10-point increments up to the 500-point level, 20-point increments up to the 1,000-point level,
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.
After nearly six months of extreme volatility during which the Dow experienced its largest one-day point loss, largest daily point gain, and largest intraday range (of more than 1,000 points) at the time, the index closed at a new 12-year low of 6,547.05 on March 9, 2009, [62] its lowest close since April 1997. The Dow had lost 20% of its value ...
Dow 36,000: The New Strategy for Profiting From the Coming Rise in the Stock Market is a 1999 book by syndicated columnist James K. Glassman and economist Kevin A. Hassett, [1] [2] in which they argued that stocks in 1999 were significantly undervalued and concluded that there would be a fourfold market increase with the Dow Jones Industrial Average (DJIA) rising to 36,000 by 2002 or 2004.
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).
At 2:42 p.m., with the Dow down more than 300 points for the day, the equity market began to fall rapidly, dropping an additional 600 points in 5 minutes for a loss of nearly 1,000 points for the day by 2:47 p.m. Twenty minutes later, by 3:07 p.m., the market had regained most of the 600-point drop.
On October 27, 1997, under the trading curb rules then in effect, trading at the New York Stock Exchange was halted early after the Dow Jones Industrial Average declined by 550 points. [7] [8] This was the first time US stock markets had closed early due to trading curbs. Since 1997, circuit breakers have evolved from a Dow Jones Industrial ...
The FTSE lost -4.4% (£78bn) but upon opening on August 25, shot up 116 points (1.97%). [16] [17] The DJIA opened 1,000 points lower on August 24, but gained nearly half of it back in the first 30 minutes. The New York Times used the term "upheaval" to describe the market situation. [18] It remained down 588 points at the close of trading.