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Dow calculated his first average purely of industrial stocks on May 26, 1896, creating what is now known as the Dow Jones Industrial Average. None of the original 12 industrials still remain part of the index. [41] American Cotton Oil Company, a predecessor company to Hellmann's and Best Foods, now part of Unilever. [42]
The New York Stock Exchange reopened that day following a nearly four-and-a-half-month closure since July 30, 1914, and the Dow in fact rose 4.4% that day (from 71.42 to 74.56). 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 ...
The Dow plunges 89% to 41.22 on July 8, 1932, thus erasing 33 years of gains, in just under three years. Although cyclical bull markets occur in the 1930s and 1940s, the index takes 22 years to surpass its previous highs. 1949–1966: Bull market. The Dow posts impressive growth in the booming economy following the Second World War.
By June 16, 2022, the S&P had fallen 23.55% from 4,796 to 3,666, though it was unknown if the index would plunge below the level. The DJIA fell 18.78% since its January 4 high, while the Nasdaq Composite fell 33.70% from its November 19 high. [10] [11] On September 13, 2022, the S&P 500 experienced its largest single-day drop since June 2020. [12]
Stock market indices may be categorized by their index weight methodology, or the rules on how stocks are allocated in the index, independent of its stock coverage. For example, the S&P 500 and the S&P 500 Equal Weight each cover the same group of stocks, but the S&P 500 is weighted by market capitalization, while the S&P 500 Equal Weight places equal weight on each constituent.
While the S&P 500 was first introduced in 1923, it wasn't until 1957 when the stock market index was formally recognized, thus some of the following records may not be known by sources. [ 1 ] Largest daily percentage gains [ 2 ]