When was the djia the highest

There were 52 closing records for the year. The chart below shows 12 of those records:. The Dow's activity broke new records in terms of downward movement in While it wasn't as dramatic as the Great Depression, the drop happened much more quickly. After recovering from its Great Depression level, the Dow continued to be affected by several recessionary periods and crises leading up to the downturn.

The stock market crash was more dramatic than any other downturn in U. It took almost four years for the market to bottom out at that time. On Oct. The Dow started to gradually decline. On Monday, Sept. On Sept. This was its most significant single-day point drop ever. Investors were stunned when the U. By Nov. This was still not the real market bottom. The Dow climbed to 9, On July 24, , the Dow finally reversed course. It beat its January high, rising to 9, Stock market gains since the financial crisis were mediocre in volume.

Only three days traded more than million shares, a level similar to the late s. Volume fell after the recession and didn't return. The Dow peaked on Jan. It started falling soon afterward, hitting its first bottom of 9, on March 7, It regained an upward momentum, hitting 11, It bounced around in this range until March 14, , when it dropped to 9, This began the recession.

When the markets reopened on Sept. The threat of war drove the Dow down until Oct. On that day, it closed at 7, The recession ended in November. No one knew if a new bull market had begun until the Dow hit a higher low on March 11, , closing at 7, On July 2, , Thailand cut its peg to the dollar after failing to defend its currency from speculative attacks. Currency values fell throughout Southeast Asia. It closed at 7, By Aug. The Long-Term Capital Management hedge fund almost collapsed, threatening to push its banking investors into bankruptcy.

Former Federal Reserve Chairman Alan Greenspan convinced them to support the hedge fund, averting further disaster. The Black Monday stock market crash may have been caused by computer trading that forced sell orders when the market turned down.

The Dow didn't regain its Aug. The loss of liquidity from this crash led to the savings and loan crisis in The Federal Reserve, under Paul Volcker, lowered the federal funds rate the interest rate for banks to loan money overnight to each other to 8. The Dow rose to 1, The Fed then raised rates to combat inflation, which reduced business spending.

On Dec. President Nixon helped create this recession by ending the gold standard. It fell from a high of The United States launched a trade embargo against Cuba on Feb. The Dow dropped Tensions escalated on Oct.

President John F. Kennedy demanded the removal of the weapons and launched a day naval quarantine to prevent ships from reaching Cuba, which may have held weapons from the Soviets. Show source. Download for free You need to log in to download this statistic Register for free Already a member? Log in. Show detailed source information? Register for free Already a member? More information. Supplementary notes.

Other statistics on the topic. Profit from additional features with an Employee Account. Please create an employee account to be able to mark statistics as favorites. Then you can access your favorite statistics via the star in the header. Profit from additional features by authenticating your Admin account. The Dow Jones Industrial Average on Monday crossed the 35, mark for the first time, setting a new high water mark less than six months after it first breached 30, The stock index jumped more than points, or 0.

The company index closed down 33 points, or 0. Other indexes that started the day on more tepid footing also lost ground. The Dow set its latest record amid mixed economic news.

Last week, initial unemployment claims fell to their lowest levels since the pandemic began. Technology stocks continued to curry favor with investors, with more positive earnings news late Thursday from Twitter and Snapchat parent Snap. A strong performance by technology stocks has come amid concerns about the impact on the economy from rising numbers of cases of the highly contagious delta variant of coronavirus, notably in states that have seen lower vaccination rates.

Strong corporate earnings are helping to fuel the stock market higher, said Ryan Detrick, chief market strategist for LPL Financial, said in an interview Friday. Profit margins have been sustained in the face of rising inflation. So far for the second quarter, companies are reporting average profit margins of The Dow closed above the 35, milestone for the first time, after briefly trimming gains in the wake of IHS Markit purchasing managers index readings.

The U. Investors were looking to the week ahead, which will feature earnings reports from a number of tech heavyweights, including Tesla Inc.