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The Dow Jones Industrial Average closed above the 40,000 mark Friday for the first time in its 139-year history.
The Dow closed at 9,997.62 on Thursday, March 18, 1999. [18] It would take nearly two weeks to close above 10,000 on Monday, March 29, 1999. 14 This was the Dow's close at the peak on January 14, 2000, before the dot-com crash. 15 This was the Dow's close at the peak on October 9, 2007, before the financial crisis of 2007–2008.
For another, almost no one's 401(k) account sees its performance depend on the Dow, which has become more of a relic used for historical comparisons. The Dow closed above 40,000 for the first time.
The Dow Jones Industrial Average crossed 40,000 on Thursday, the first new milestone in over three years as investors bank on an improving economy and corporate profits. Dow closes above 40,000 ...
Companies across different sectors helped fuel highest closing in the 139-year-old index’s history
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 Jones Industrial Average reached a milestone Thursday that seemed unfathomable a year ago.
The Dow remained stuck in a range between 53 and 103 until late 1914. The negativity surrounding the 1906 San Francisco earthquake did little to improve the economic climate; the index broke 100 for the first time in 1906. [43] At the start of the 1910s, the Panic of 1910–1911 stifled economic growth.