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. (5-point increments are used up to the 100-point level; 10 to 200; 20 to 500; 50 to 1,000; 100 to 2,000; 200 to 5,000; 500 to 10,000; and 1,000-point increments thereafter.)

MilestoneClosing LevelDate first achieved
The late 19th century and early 20th century bull market (1896–1906)
8080.02March 31, 1905
8585.22November 20, 1905
9090.82December 5, 1905
9595.13December 12, 1905
100100.25January 12, 1906
The late 1910s bull market (1915–1919)
103.001103.11September 28, 1916
110110.13November 18, 1916
The 1920s bull market (1921–1929)
119.622 & 120120.51December 31, 1924
130130.42June 2, 1925
140140.20August 15, 1925
150150.29October 20, 1925
160160.53February 4, 1926
170170.29May 19, 1927
180180.09July 27, 1927
190190.00August 29, 1927
200200.93December 19, 1927
220220.09May 8, 1928
240240.41August 31, 1928
260260.68November 7, 1928
280283.90November 20, 1928
300300.00December 31, 1928
320322.06February 5, 1929
340340.28July 2, 1929
360361.49August 16, 1929
380380.33August 30, 1929
The post-World War II boom (1949–1966)
381.173382.74November 23, 1954
400401.97December 29, 1954
420420.94April 12, 1955
440440.17June 13, 1955
460467.41July 6, 1955
480480.93September 13, 1955
500500.24March 12, 1956
550550.68November 5, 1958
600602.21February 20, 1959
650650.88July 1, 1959
700705.52May 17, 1961
750750.77October 17, 1963
800800.14February 28, 1964
850851.35July 17, 1964
900900.95January 28, 1965
950950.28October 21, 1965
The 1970s bear market (1966–1982)
995.154995.26November 10, 1972
1,00051,003.16November 14, 1972
The 1980s bull market (1982–1987)
1,051.7061,065.49November 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
2,2002,201.49February 5, 1987
2,4002,405.54April 6, 1987
2,6002,635.84August 10, 1987
The 1990s bull acceleration (1989–2000)
2,722.4272,734.64August 24, 1989
2,8002,810.15January 2, 1990
3,00083,004.46April 17, 1991
3,2003,201.48January 3, 1992
3,4003,413.21June 1, 1992
3,6003,604.86August 18, 1993
3,8003,803.88January 6, 1994
4,00094,003.33February 23, 1995
4,2004,201.61April 4, 1995
4,4004,404.62May 10, 1995
4,6004,615.23July 5, 1995
4,8004,801.80September 14, 1995
5,0005,023.55November 21, 1995
5,5005,539.45February 8, 1996
6,0006,010.00October 14, 1996
6,5006,547.79November 25, 1996
7,0007,022.43February 13, 1997
7,5007,539.27June 10, 1997
8,0008,038.88July 16, 1997
8,5008,545.71February 27, 1998
9,0009,033.22April 6, 1998
9,5009,544.97January 6, 1999
10,00010,006.78March 29, 1999
11,00011,014.69May 3, 1999
The 2000s cyclical bull market (2003–2007)
11,722.981011,727.34October 3, 2006
12,00012,011.73October 19, 2006
13,00013,089.89April 25, 2007
14,00014,000.41July 19, 2007
The early 2010s bull market (2009–Present)
14,164.531114,253.77March 5, 2013
15,00015,056.20May 7, 2013
16,00016,009.99November 21, 2013
17,00017,068.26July 3, 2014

1This was the Dow's close at the peak on January 19, 1906.
2This was the Dow's close at the peak on November 3, 1919.
3This 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.
4This was the Dow's close at the peak on February 9, 1966.
5The Dow first exceeded 1,000 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 1,000 for the first time on Tuesday, November 14, 1972.
6This was the Dow's close at the peak on January 11, 1973.
7This was the Dow's close at the peak of August 25, 1987.
8The 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;[14] however, it would take until April 17 of the next year for the Dow to finally close above 3,000.
9The Dow first exceeded 4,000 during the trading day on Monday, January 31, 1994, but dropped back before closing that day. It would take another one year and less than a month before it finally closed above 4,000 for the first time on Thursday, February 23, 1995.
10This was the Dow's close at the peak on January 14, 2000.
11This was the Dow's close at the peak on October 9, 2007.

Record highs[edit]

Closing[15]:17,138.20Wednesday, July 16, 2014
Intra-day Actual[16]:17,151.56Thursday, July 17, 2014
All-Time Daily Theoretical High1[17]:17,227.71Wednesday, July 16, 2014

1Theoretical High calculates the Dow's Level using the day's high of each of the 30 of the component stocks, regardless of the time of day when that high occurred.[18]

See also[edit]

References[edit]

External links[edit]