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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.
However, the apparent decline was due to a later 1916 revision of the Dow Jones Industrial Average, which retroactively adjusted the values following the closure but not those before, and it represents the only discontinuity in the index's history rather than an actual loss. [3] [4]
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.
Companies across different sectors helped fuel highest closing in the 139-year-old index’s history Dow Jones closes above 40,000 for first time in history amid hopes of Federal Reserve rate cut ...
The Dow Jones Industrials have repeatedly set record highs for months, and investors who are nervous about being in uncharted territory keep thinking that the average is overextended and therefore ...
The Dow Jones Industrial Average closed above the 40,000 mark Friday for the first time in its 139-year history.
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.
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