Closing milestones of the Dow Jones Industrial Average
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The following explains the closing milestones of the Dow Jones Industrial Average, the most well known economic barometer in the world. The Dow Jones Industrial Average (DJIA) has increased in value by an immense amount since opening at 40.94 on May 26, 1896.
The DJIA, like many other stock market indices, undergoes periods of stellar growth and stagnation. The market is considered in a bull market when it undergoes stellar growth, and considered in a bear market when it undergoes stagnation.
Wall Street considers a stock market to be a bear market when its main stock market index is 20% lower than its all-time high. For the Dow, that's approximately 9,378.
There are two types of bull markets. The first type is called "secular" where the stock market index is constantly hitting all-time highs. Secular bull markets can last upwards of 15 years. "Cyclical" is where the stock market index hits a 52-week high or a multi-year high. They last around three years and they usually occur during a bear market.
The following lists the bear and bull markets of the Dow:
- 1896 - 1929 - bull market. Ended with DJIA at 381.17 on September 3, 1929.
- 1930 - 1948 - bear market. The Stock Market Crash of 1929 causes the Great Depression. DJIA plunged to 41.22 (intra-day low 40.56) on July 8, 1932.
- 1949 - 1966 - bull market. Dow sees stellar growth in the bull market dubbed "The post-World War II boom". Dow starts at around 150 in June 1949, and ends just five points shy of 1,000 on February 9, 1966. PE ratio's reached multi-decade lows in 1949, only to reach stellar highs in 1966.
- 1967 - 1982 - bear market. Traders deal with market that went nowhere as the Dow posted two distinct downturns (in 1970 and 1974) and flirted with 1,000 three times, in 1972, 1976, and 1981, but couldn't successfully break the mark and soar to new heights.
- 1982 - 2000 - bull market. The bulls become supercharged when the Dow posts its most massive growth in history. Going from a meager 777 on August 12, 1982 all the way to 11,722.98 (intra-day high 11,908.50) on January 14, 2000.
Closing milestones from the Dow (in 100-point increments):
The first bull market (1896-1929)
| Milestone | Closing Level | Date |
|---|---|---|
| 100 | 100.25 | January 12, 1906 |
| 200 | 200.93 | December 19, 1927 |
| 300 | 300.00 | December 31, 1928 |
The post-World War II boom (1949-1966)
| Milestone | Closing Level | Date |
|---|---|---|
| 381.171 | 382.74 | November 23, 1954 |
| 400 | 401.97 | December 28, 1954 |
| 500 | 500.24 | March 12, 1956 |
| 600 | 602.21 | February 20, 1959 |
| 700 | 705.52 | May 17, 1961 |
| 800 | 800.14 | February 28, 1964 |
| 900 | 900.95 | January 28, 1965 |
Note
1This was the Dow's closing level at the peak of the 1929 bull market, a level that the Dow would not see again for 25 years.The 1970s bear market (1967-1982)
| Milestone | Closing Level | Date |
|---|---|---|
| 1000 | 1,003.16 | November 14, 1972 |
The 1980s bull market (1982-1987)
| Milestone | Closing Level | Date |
|---|---|---|
| 1100 | 1,121.81 | February 24, 1983 |
| 1200 | 1,209.46 | April 26, 1983 |
| 1300 | 1,304.88 | May 20, 1985 |
| 1400 | 1,403.44 | November 6, 1985 |
| 1500 | 1,511.70 | December 11, 1985 |
| 1600 | 1,600.69 | February 6, 1986 |
| 1700 | 1,713.99 | February 27, 1986 |
| 1800 | 1,804.24 | March 20, 1986 |
| 1900 | 1,903.54 | July 1, 1986 |
| 2000 | 2,002.25 | January 8, 1987 |
| 2100 | 2,102.50 | January 19, 1987 |
| 2200 | 2,201.49 | February 5, 1987 |
| 2300 | 2,333.52 | March 20, 1987 |
| 2400 | 2,405.54 | April 6, 1987 |
| 2500 | 2,510.04 | July 17, 1987 |
| 2600 | 2,635.84 | August 10, 1987 |
| 2700 | 2,700.57 | August 17, 1987 |
The 1990s Superbull (1990-2000)
| Milestone | Closing Level | Date |
|---|---|---|
| 2800 | 2,810.15 | January 2, 1990 |
| 2900 | 2,900.97 | June 1, 1990 |
| 3000 | 3,004.46 | April 17, 1991 |
| 3100 | 3,101.52 | December 27, 1991 |
| 3200 | 3,201.48 | January 3, 1992 |
| 3300 | 3,306.13 | April 14, 1992 |
| 3400 | 3,413.21 | June 1, 1992 |
| 3500 | 3,500.03 | May 19, 1993 |
| 3600 | 3,604.86 | August 18, 1993 |
| 3700 | 3,710.77 | November 16, 1993 |
| 3800 | 3,803.88 | January 6, 1994 |
| 3900 | 3,914.48 | January 21, 1994 |
| 4000 | 4,003.33 | February 23, 1995 |
| 4100 | 4,138.67 | March 24, 1995 |
| 4200 | 4,201.61 | April 4, 1995 |
| 4300 | 4,303.98 | April 24, 1995 |
| 4400 | 4,404.62 | May 10, 1995 |
| 4500 | 4,510.69 | June 16, 1995 |
| 4600 | 4,615.23 | July 5, 1995 |
| 4700 | 4,702.73 | July 7, 1995 |
| 4800 | 4,801.80 | September 14, 1995 |
| 4900 | 4,922.75 | November 15, 1995 |
| 5000 | 5,023.55 | November 21, 1995 |
| 5100 | 5,105.56 | November 29, 1995 |
| 5200 | 5,216.47 | December 13, 1995 |
| 5300 | 5,304.98 | January 29, 1996 |
| 5400 | 5,405.06 | February 1, 1996 |
| 5500 | 5,539.45 | February 8, 1996 |
| 5600 | 5,600.15 | February 12, 1996 |
| 5700 | 5,748.82 | May 20, 1996 |
| 5800 | 5,838.52 | September 13, 1996 |
| 5900 | 5,904.90 | October 1, 1996 |
| 6000 | 6,010.00 | October 14, 1996 |
| 6100 | 6,177.71 | November 6, 1996 |
| 6200 | 6,206.04 | November 7, 1996 |
| 6300 | 6,313.00 | November 14, 1996 |
| 6400 | 6,430.02 | November 20, 1996 |
| 6500 | 6,547.79 | November 25, 1996 |
| 6600 | 6,600.66 | January 7, 1997 |
| 6700 | 6,703.09 | January 10, 1997 |
| 6800 | 6,833.10 | January 17, 1997 |
| 6900 | 6,961.63 | February 12, 1997 |
| 7000 | 7,022.44 | February 13, 1997 |
| 7100 & 7200 | 7,214.49 | May 5, 1997 |
| 7300 | 7,333.55 | May 15, 1997 |
| 7400 | 7,435.78 | June 6, 1997 |
| 7500 | 7,539.27 | June 10, 1997 |
| 7600 & 7700 | 7,711.47 | June 12, 1997 |
| 7800 | 7,895.81 | July 3, 1997 |
| 7900 | 7,962.31 | July 8, 1997 |
| 8000 | 8,038.88 | July 16, 1997 |
| 8100 | 8,116.93 | July 24, 1997 |
| 8200 | 8,254.89 | July 30, 1997 |
| 8300 | 8,314.55 | February 11, 1998 |
| 8400 | 8,451.06 | February 18, 1998 |
| 8500 | 8,545.72 | February 27, 1998 |
| 8600 | 8,643.12 | March 10, 1998 |
| 8700 | 8,718.85 | March 16, 1998 |
| 8800 | 8,803.05 | March 19, 1998 |
| 8900 | 8,906.43 | March 20, 1998 |
| 9000 | 9,033.23 | April 6, 1998 |
| 9100 | 9,110.02 | April 14, 1998 |
| 9200 | 9,211.84 | May 13, 1998 |
| 9300 | 9,328.19 | July 16, 1998 |
| 9400 & 9500 | 9,544.87 | January 6, 1999 |
| 9600 | 9,643.37 | January 8, 1999 |
| 9700 | 9,736.08 | March 8, 1999 |
| 9800 | 9,897.44 | March 11, 1999 |
| 9900 | 9,958.77 | March 15, 1999 |
| 10000 | 10,006.78 | March 29, 1999 |
| 10100 | 10,197.70 | April 8, 1999 |
| 10200 & 10300 | 10,339.51 | April 12, 1999 |
| 10400 | 10,411.66 | April 14, 1999 |
| 10500 | 10,581.42 | April 21, 1999 |
| 10600 & 10700 | 10,727.18 | April 22, 1999 |
| 10800 | 10,831.71 | April 27, 1999 |
| 10900 & 11000 | 11,014.70 | May 3, 1999 |
| 11100 | 11,107.19 | May 13, 1999 |
| 11200 | 11,200.98 | July 12, 1999 |
| 11300 | 11,326.04 | August 25, 1999 |
| 11400 | 11,405.76 | December 23, 1999 |
| 11500 | 11,522.56 | January 7, 2000 |
| 11600 & 11700 | 11,722.98 | January 14, 2000 |
See also
External links
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