While you can’t directly buy shares in the market index, you can invest in the DJIA through index funds and exchange-traded funds (ETFs) such as the SPDR Dow Jones Industrial Average ETF Trust (DIA). These funds track the DJIA through a similar composition and weighting of stocks. The longest bull market in history lasted about 11 years, starting in March 2009 and ending in February 2020. Please refer to Titan’s Program Brochure for important additional information.
The index is maintained by S&P Dow Jones Indices, an entity majority-owned by S&P Global. The ten components with the largest dividend yields are commonly referred to as the Dogs of the Dow. As with all stock prices, the prices of the constituent stocks and consequently the value of the index itself are affected by the performance of the respective companies as well as macroeconomic factors. Through much of 2022 and 2023, investors were cautious and bearish about equity markets as inflation rocketed. Then, in the last few months of 2023, investors began piling back in as hopes grew that interest rates would soon be cut and a nasty recession averted.
Great Depression/World War II (1929–
Named for its two founders, the Dow Jones is a stock market index, just like the S&P 500 or the Nasdaq. And for most of the U.S. stock market’s history, the Dow Jones Industrial Average has been a reliable guide for the health of the American economy, capturing the market’s highs, lows, bull market runs, and shocking crashes. On that day, it closed at 7,286.27, a 37.8% decline from its peak. No one knew if a new bull market had begun until the Dow hit a higher low on March 11, 2003, closing at 7,524.06. The records set in the fall were the first ones since the Dow reached 26,616.71 on Jan. 26, 2018.
It hit a milestone on July 11, closing above 27,000, and then another on Nov. 15, closing above 28,000 (in the chart below, milestones are noted). The Dow Jones Industrial Average (the Dow) is an index of the 30 top-performing U.S. companies. The most recent all-time-high record (as of this writing) was on Jan. 4, 2022, when it closed at 36,799.65.
These actions artificially raised their earnings per share and the prices of their remaining outstanding stocks (stocks which are still held by shareholders). The index had three nine-day https://www.tradebot.online/ runs, last occurring in 1955 (when there were four nine-day stretches). The Dow continuously moved higher eight months in a row (the last occurrence of this was in 1995).
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In early 1981, the index broke above 1,000 several times, but then retreated. After closing above 2,000 in January 1987,[43] the largest one-day percentage drop occurred on Black Monday, October 19, 1987, when the average fell 22.61%. The Dow sees the end of a long bull market on Jan. 14, 2000, in part due to the strength of the Internet business and the subsequent bursting of the dot-com bubble. It then falls on March 7, 2000, rebounds to 11,124.83 on April 25, and falls again to 9,973.46 by March 14, 2001, beginning the 2001 recession.
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- Interactive chart of the Dow Jones Industrial Average (DJIA) stock market index for the last 100 years.
- Both of those factors sent inflation in the U.S. soaring to record levels not seen in over 40 years.
Historical data is inflation-adjusted using the headline CPI and each data point represents the month-end closing value. The current month is updated on an hourly basis with today’s latest value. The current price of the Dow Jones Industrial Average as of March 15, 2024 is 38,714.77. Stock market gains since the 2008 financial crisis were mediocre in volume. Only three days traded more than 200 million shares, a level similar to the late 1990s. But this robust start was not indicative of extreme volatility the index would face as the year progressed.
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Charts and graphs provided within are for informational purposes solely and should not be relied upon when making any investment decision. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others. Please see Titan’s Legal Page for additional important information. The easiest way to invest in the Dow may be to buy shares in State Street Global Advisors’ SPDR Dow Jones Industrial Average ETF Trust, which trades under the ticker symbol DIA.
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However, Monday, December 5, 2016 was when the Dow first closed above 19,200. After the end of the second World War, the Dow started another recovery that ultimately led to the all-time closing high set back in 1929. The Dow tracks 30 large, publicly owned blue-chip companies trading on the New York Stock Exchange and the Nasdaq. The selection is not based on strict quantitative criteria but rather on the decisions of the editors of The Wall Street Journal.
In the midst of a recession, the Dow has two milestone days of gains. On Oct. 13, 2008, the Dow gains 936 points after governments and central banks pour money into the markets to jumpstart the global economy. Two weeks later, on Oct. 28, the Dow rises 889 points, fueled by optimism that the Federal Reserve would cut the interest rate.
The number of companies included in the index increased to 20 in 1916 and then to the current number, 30, in 1928. Since its inception, the Dow has remained among the most frequently discussed and commonly tracked equities indexes. House Speaker John Boehner said President Barack Obama and he had made no headway on a deal to avoid sequestration over the weekend. Meanwhile, House Republicans are expected to introduce a bill to extend government funding through September, to avoid a government shutdown at the end of the month. JCPenney slumped to lead the S&P 500 laggards amid news Vornado Realty Trust is selling 10 million of the retailer’s shares via Deutsche Bank, sources told CNBC.
Investors worried that China’s yuan devaluation and the uncertainty over the Fed’s rate increase would push the index further downward. All these events created a lot of uncertainty for investors and the Dow bore the brunt of it, falling into a bear market in September 2022. Despite all time highs early in the year, six of the 20 worst-one day point losses for the Dow occurred in 2022.
Where p are the prices of the component stocks and d is the Dow Divisor. Trading is typically carried out in an open outcry auction, or over an electronic network such as CME’s Globex platform. 18The Dow first traded above 19,200 during the session on Wednesday, November 30, 2016, then flirted with the same milestone the next day.