Closing milestones of the Dow Jones Industrial Average

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This article is a summary of the closing milestones of the Dow Jones Industrial Average, a United States stock market index. Since first closing at 62.76 on February 16, 1885,[1] the Dow Jones Industrial Average has increased steadily, despite several periods of decline.

Milestone highs and lows[edit]

Linear graph of the DJIA from 1896 through April 2008
Logarithmic graph of the DJIA from 1896 through July 2011

Like most other stock market indexes, the Dow undergoes periods of general increase and general declines or stagnation. A bull market is a term denoting a period of price increases, while a bear market denotes a period of declines. Wall Street generally considers a bear market in session when multiple broad market indexes have a downturn of 20% or more in value.[2]

There are two types of bull markets. A secular bull market is a period in which the stock market index is continually reaching all-time highs with only brief periods of correction, as during the 1990s, and can last upwards of 15 years. A cyclical bull market is a period in which the stock market index is reaching 52-week or multi-year highs and may briefly peak at all-time highs before a rapid decline, as in the early 1970s. It usually occurs within relatively longer bear markets and lasts about three years.

The following are the secular bull and bear markets experienced by the Dow since its inception:

Incremental closing milestones[edit]

The following is a list of the milestone closing levels of the Dow Jones Industrial Average, in 100-point increments.

MilestoneClosing LevelDate first achieved
The late 19th century/early 20th century bull market (1896–1906)
100100.25January 12, 1906
The 1920s bull market (1921–1929)
119.621120.51December 31, 1924
200200.93December 19, 1927
300300.00December 31, 1928
The post-World War II boom (1949–1966)
381.172382.74November 23, 1954
400401.97December 29, 1954
500500.24March 12, 1956
600602.21February 20, 1959
700705.52May 17, 1961
800800.14February 28, 1964
900900.95January 28, 1965
The 1970s bear market (1966–1982)
995.153995.26November 10, 1972
1,00041,003.16November 14, 1972
The 1980s bull market (1982–1987)
1,051.7051,065.49November 3, 1982
1,1001,121.81February 24, 1983
1,2001,209.46April 26, 1983
1,3001,304.88May 20, 1985
1,4001,403.44November 6, 1985
1,5001,511.70December 11, 1985
1,6001,600.69February 6, 1986
1,7001,713.99February 27, 1986
1,8001,804.24March 20, 1986
1,9001,903.54July 1, 1986
2,0002,002.25January 8, 1987
2,1002,102.50January 19, 1987
2,2002,201.49February 5, 1987
2,3002,333.52March 20, 1987
2,4002,405.54April 6, 1987
2,5002,510.04July 17, 1987
2,6002,635.84August 10, 1987
2,7002,700.57August 17, 1987
The 1990s bull acceleration (1989–2000)
2,8002,810.15January 2, 1990
2,9002,900.97June 1, 1990
3,00063,004.46April 17, 1991
3,1003,101.52December 27, 1991
3,2003,201.48January 3, 1992
3,3003,306.13April 14, 1992
3,4003,413.21June 1, 1992
3,5003,500.03May 19, 1993
3,6003,604.86August 18, 1993
3,7003,710.77November 16, 1993
3,8003,803.88January 6, 1994
3,9003,914.48January 21, 1994
4,0004,003.33February 23, 1995
4,1004,138.66March 24, 1995
4,2004,201.61April 4, 1995
4,3004,303.98April 24, 1995
4,4004,404.62May 10, 1995
4,5004,510.79June 16, 1995
4,6004,615.23July 5, 1995
4,7004,702.73July 7, 1995
4,8004,801.80September 14, 1995
4,9004,922.75November 15, 1995
5,0005,023.55November 21, 1995
5,1005,105.56November 29, 1995
5,2005,216.47December 13, 1995
5,3005,304.98January 29, 1996
5,4005,405.05February 1, 1996
5,5005,539.45February 8, 1996
5,6005,600.14February 12, 1996
5,7005,748.82May 20, 1996
5,8005,838.52September 13, 1996
5,9005,904.90October 1, 1996
6,0006,010.00October 14, 1996
6,1006,177.71November 6, 1996
6,2006,206.03November 7, 1996
6,3006,312.99November 14, 1996
6,4006,430.02November 20, 1996
6,5006,547.79November 25, 1996
6,6006,600.65January 7, 1997
6,7006,703.79January 10, 1997
6,8006,833.09January 17, 1997
6,9006,961.63February 12, 1997
7,0007,022.43February 13, 1997
7,100 & 7,2007,214.48May 5, 1997
7,3007,333.54May 15, 1997
7,4007,435.77June 6, 1997
7,5007,539.27June 10, 1997
7,600 & 7,7007,711.46June 12, 1997
7,8007,895.80July 3, 1997
7,9007,962.30July 8, 1997
8,0008,038.88July 16, 1997
8,1008,116.92July 24, 1997
8,2008,254.89July 30, 1997
8,3008,314.54February 11, 1998
8,4008,451.05February 18, 1998
8,5008,545.71February 27, 1998
8,6008,643.11March 10, 1998
8,7008,718.84March 16, 1998
8,8008,803.04March 19, 1998
8,9008,906.42March 20, 1998
9,0009,033.22April 6, 1998
9,1009,110.19April 14, 1998
9,2009,211.83May 13, 1998
9,3009,328.18July 16, 1998
9,400 & 9,5009,544.97January 6, 1999
9,6009,643.32January 8, 1999
9,7009,736.07March 5, 1999
9,8009,897.44March 11, 1999
9,9009,958.77March 15, 1999
10,00010,006.78March 29, 1999
10,10010,197.70April 8, 1999
10,200 & 10,30010,339.51April 12, 1999
10,40010,411.66April 14, 1999
10,50010,581.42April 21, 1999
10,600 & 10,70010,727.18April 22, 1999
10,80010,831.71April 27, 1999
10,900 & 11,00011,014.69May 3, 1999
11,10011,107.19May 13, 1999
11,20011,200.98July 12, 1999
11,30011,326.04August 25, 1999
11,40011,405.76December 23, 1999
11,50011,522.56January 7, 2000
11,600 & 11,70011,722.98January 14, 2000
The mid-2000s cyclical bull (2003–2007)
11,722.98711,727.34October 3, 2006
11,80011,850.61October 4, 2006
11,90011,947.70October 12, 2006
12,00012,011.73October 19, 2006
12,10012,116.91October 23, 2006
12,20012,218.01November 14, 2006
12,30012,305.82November 16, 2006
12,40012,416.76December 14, 2006
12,50012,510.57December 27, 2006
12,60012,621.77January 24, 2007
12,70012,741.86February 14, 2007
12,80012,803.84April 18, 2007
12,90012,961.98April 20, 2007
13,00013,089.89April 25, 2007
13,10013,105.50April 26, 2007
13,20013,211.88May 2, 2007
13,30013,312.97May 7, 2007
13,40013,487.53May 16, 2007
13,50013,556.53May 18, 2007
13,60013,633.08May 30, 2007
13,700 & 13,80013,861.73July 12, 2007
13,90013,907.25July 13, 2007
14,00014,000.41July 19, 2007
14,10014,164.53October 9, 2007
The early 2010s bull market (2009–Present)
14,164.538 & 14,20014,253.77March 5, 2013
14,30014,329.49March 7, 2013
14,40014,447.29March 11, 2013
14,50014,539.14March 14, 2013
14,60014,662.01April 2, 2013
14,700 & 14,80014,802.24April 10, 2013
14,90014,973.96May 3, 2013
15,00015,056.20May 7, 2013
15,10015,105.12May 8, 2013
15,20015,215.25May 14, 2013
15,30015,354.40May 17, 2013
15,40015,409.39May 28, 2013
15,50015,548.54July 18, 2013
15,60015,628.02August 1, 2013
15,70015,746.88November 6, 2013
15,80015,821.63November 13, 2013
15,90015,961.70November 15, 2013
16,00016,009.99November 21, 2013
16,10016,167.97December 18, 2013
16,20016,221.14December 20, 2013
16,30016,357.55December 24, 2013
16,40016,479.88December 26, 2013
16,50016,504.29December 30, 2013

1This was the Dow's close at the peak on November 3, 1919.
2This was the Dow's close at the peak of the 1920s bull market on Tuesday, September 3, 1929. This level would not be seen again until Tuesday, November 23, 1954, a rather lengthy 25 years and 2 1/2 months later.
3This was the Dow's close at the peak on February 9, 1966.
4The Dow first exceeded 1000 during the trading day on Tuesday, January 18, 1966, but dropped back before closing that day. It would take another six years and ten months before it finally closed above 1000 for the first time on Tuesday, November 14, 1972.
5This was the Dow's close at the peak on January 11, 1973.
6The Dow reached an intraday high above 3000 for the first time on Friday, July 13, 1990, before falling back below by the close. The average closed at 2999.75 on Monday, July 16, 1990, and closed unchanged the following day;[14] however, it would take until April 17 of the next year for the Dow to finally close above 3000.
7This was the Dow's close at the peak on January 14, 2000.
8This was the Dow's close at the peak on October 9, 2007.

Record highs[edit]

Closing[15]:16,576.66Tuesday, December 31, 2013
Intra-day Actual[16]:16,588.25Tuesday, December 31, 2013
All-Time Daily Theoretical High1[17]:16,629.41Tuesday, January 7, 2014

1Theoretical High Calculates the Dow's Level using All 30 Stocks' Daily High.[18]

See also[edit]

References[edit]

External links[edit]