Chronology of Dow Jones Industrial Average

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References are numbered in [brackets], which are listed here. A number after the dot gives the page in the source.

Last updated: 2009 October 30.


1884-1953 1954-end

1954

November 23
  • The Dow Jones Industrial Average closes for the first time above the peak it reached just before the 1929 crash. [5]

1956

March 12
  • Dow Jones closes above 500 for first time (500.24). [1]
July 3
  • The Dow Jones Industrial Average removes Loew's from its index, replacing it with International Paper Company. [228]

1959

June 1
  • The Dow Jones Industrial Average removes American Smelting, Corn Products Refining, National Steel, and National Distillers from its index, replacing them with Anaconda Copper, Swift & Company, Aluminum Company of America, and Owens-Illinois Glass. [227] [228]

1966

February 9
  • Dow Jones Industrial Average hits record 995 points. [1]

1972

November 14
  • The Dow Jones Industrial Average closes above 1,000 (1,003.16) for the first time. [1] [227]

1974

December 9
  • Dow Jones Industrial Average index hits 570.01. [1]

1976

August 9
  • The Dow Jones Industrial Average removes Anaconda Copper from its index, replacing it with Minnesota Mining & Manufacturing. [227] [228]

1979

June 29
  • The Dow Jones Industrial Average removes Chrysler and Esmark from its index, replacing them with International Business Machines and Merck. [227] [228]

1982

August 30
  • The Dow Jones Industrial Average removes Manville Corporation (Johns-Manville) from its index, replacing it with American Express Company. [227] [228]
November 3
  • The Dow Jones Industrial Average surges 43.41 points, or 4.25%, to close at 1,065.49, its first all-time high in more than nine years. [116]

1983

February 24
  • Dow Jones Industrial Average closes above 1100 mark for first time. [1]
April 26
  • Dow Jones Industrial Average breaks 1200 for first time. [1]

1985

February 13
  • Dow Jones Industrial Average closes at 1297.92 (record high) after topping 1300 earlier. [1]
May 20
  • Dow Jones industrial average closes above 1300 for first time. [1]
October 30
  • The Dow Jones Industrial Average removes General Foods and American Brands Incorporated from its index, replacing them with Philip Morris Companies and McDonald's Corporation. [227] [228]
December 5
  • Dow Jones Industrial Average rises above the 1500 level for first time. [1]
December 11
  • Dow Jones closes above 1,500 for first time (1,511.70). [1]

1986

September 11
  • Dow Jones Industrial Average suffers biggest one-day decline ever, plummeting 86.61 points to 1,792.89. 237.57 million shares traded. [1]
December 2
  • Dow Jones Industrial Average index hits record 1955.57. [1]

1987

January 8
  • Dow Jones Industrial Index closes above 2,000 for first time (2,002.25). [1] [83]
January 23
  • Dow Jones rises 64 points then drops 110 points (44.15 point loss). [1]
February 5
  • Dow Jones Industrial Average average closes above 2,200 for first time. [1]
March 12
  • The Dow Jones Industrial Average removes Owens-Illinois Glass and Inco from its index, replacing them with Coca-Cola and Boeing Company. [227] [228]
April 4
  • Dow Jones up 69.89 points, ending at record 2,390.34 points. [1]
April 21
  • Dow Jones Industrial Average soars 664.7; second biggest one-day gain in history. [1]
July 17
  • The Dow Jones Industrial Average closes above the 2,500 mark for the first time, at 2,510.04. [83]
August 17
  • Dow Jones Industrial Average closes above 2,700 for first time (2,700.57). [1]

August 25
  • Dow Jones Industrial Average reaches record 2722.42. [1]
October 16
  • The Dow Jones Industrial Average for the first time falls more than 100 points. [5]
October 19
  • "Black Monday": stock markets around the world suffer an unexpected dramatic drop, with the American Dow Jones Industrial Average falling 22.6 percent (508 points), the largest one-day drop in recorded stock market history, and first financial crisis of the modern globalized era. [1] [8] [83] [190.96]
October 21
  • The Dow Jones Industrial Average rises 10.15 percent. [227]
October 26
  • Dow Jones down 156.83 points. [1]
November 3
  • On Wall Street, after five consecutive gains, Dow Jones down 50.56. [1]

1988

January 8
  • The Dow Jones Industrial Average falls 140.58 points (6.85 percent) to close at 1,911.31 in a mini-crash. [1] [82]

1989

January 29
  • Dow Jones Industrial Average jumps 38.06 to hit 2256.43; recoups 508-point loss since October 1987. [1]
May 19
  • Dow Jones average passes 2,500 mark for first time, closes at 2,501.1. [1]
October 13
  • The Dow Jones Industrial Average plunges 190.58 points, or 6.91 percent, to close at 2,569.26 most likely after the junk bond market collapsed. This mini-crash becomes known as the Friday the 13th mini-crash. [1] [43]

1990

January 2
  • Dow Jones Industrial Average hits record 2,800 (2,810.15). [1]
June 1
  • Dow Jones Industrial Average hits a record high of 2,900.97. [1]

1991

April 17
  • Dow Jones Industrial Average closes above 3,000 for first time (3,004.46). [1] [41]
May 6
  • The Dow Jones Industrial Average removes Navistar International Corp., USX Corporation, and Primerica Corporation from its index, replacing them with Caterpillar Incorporated, Walt Disney Company, and J.P. Morgan & Company. [227] [228]
November 15
  • Dow Jones Industrial Average drops 120.31 points (5th largest dive). [1]
December 31
  • Dow Jones closes at record high 3168.83. [1]

1993

May 19
  • Dow Jones Industrial Average closes above 3,500 for first time (3,500.03). [1]
December 2
  • Dow Jones Industrial Average hits record 3702.11. [1]

1994

January 6
  • Dow Jones Industrial Average hits record 3803.88. [1]
January 21
  • Dow Jones Industrial Average passes 3900 (record 3,914.20). [1]
January 24
  • Dow Jones closes above 3,900 for first time (3,914.48). [1]

1995

February 23
  • The Dow Jones Industrial Average gains 30.28 to close at 4,003.33 - the Dow's first ever close above 4,000. [1] [29]
April 24
  • Dow Jones Industrial Average hits record 4303.98. [1]
May 12
  • Dow Jones Industrial Average for fifth straight day of the week sets a new record (4430.59). [1]
November 21
  • The Dow Jones Industrial Average closes above 5,000 (5,023.55) for the first time. [29] [227]

1996

October 14
  • The Dow Jones Industrial Average gains 40.62 to close at 6,010.00, the Dow's first close above 6,000. [28]

1997

February 13
  • The Dow Jones Industrial Average closes above 7,000 for the first time, gaining 60.81 to 7,022.44. [18]
March 17
  • The Dow Jones Industrial Average removes Westinghouse Electric, Texaco Incorporated, Bethlehem Steel, and Woolworth from its index, replacing them with Travelers Group, Hewlett-Packard Company, Johnson & Johnson, and Wal-Mart Stores Incorporated. [227] [228]
July 16
  • The Dow Jones Industrial Average gains 63.17 to close at 8,038.88. It is the Dow's first close above 8,000. The Dow has doubled its value in 30 months. [18]
October 27
  • Stock markets around the world crash because of a global economic crisis scare. The Dow Jones Industrial Average follows suit and plummets 554.26, or 7.18%, to 7,161.15. The points loss exceeds the loss from Black Monday. Officials at the New York Stock Exchange for the first time invoke the "circuit breaker" rule to stop trading. [18]
October 28
  • The Dow Jones Industrial Average gains a record 337.17 to 7,498.32. One billion shares are traded on the New York Stock Exchange for the first time ever. [18]

1999

March 29
  • The Dow Jones Industrial Average closes above 10,000 (10,006.78) for the first time. [20] [227]
May 3
  • The Dow Jones Industrial Average closes above 11,000 (11,014.70) for the first time. [20] [227]
November 1
  • The Dow Jones Industrial Average removes Chevron Corporation, Goodyear Tire & Rubber Company, Union Carbide Corporation, and Sears Roebuck from its index, replacing them with Microsoft Corporation, Intel Corporation, SBC Communications, and Home Depot Incorporated. [228]

2000

January 14
  • The Dow Jones Industrial Average closes at 11,722.98, a level never reached before (the peak of the Dot-com bubble). (This high is not broken until October 2006.) [21] [227]
March 16
  • The Dow Jones Industrial Average rises by 499.19 points (4.93 percent), its second-largest one-day point gain. [227]

2001

September 17
  • The Dow Jones Industrial Average closes for the day down 684.81 points (7.1 percent), the second largest one-day point drop. [227]

2002

October 9
  • The Dow Jones Industrial Average reaches a low of 7,286.27, its lowest close since October 1997. [227]

2004

April 8
  • The Dow Jones Industrial Average removes AT&T Corporation, Eastman Kodak Company and International Paper Company from its index, replacing them with American International Group Incorporated, Pfizer Incorporated, and Verizon Communications Incorporated. [227] [228]

2006

January 9
  • The Dow Jones Industrial Average closes above 11,000 for the first time since June 7, 2001, closing at 11,011.90. [27]
October 4
  • The Dow Jones Industrial Average closes above 11,800 for the first time rising 123.27 points, or 1.05%, finishing at 11,850.61. [27]
October 19
  • On the 19th anniversary of the 1987 stock market crash, the Dow Jones Industrial Average closes above 12,000 for the first time, at 12,011.73. [27] [227]

2007

April 25
  • In the USA, the Dow Jones Industrial Average gains 135.95 points to close at 13089.89; its first close above 13000 in its history. [38] [227]
July 19
  • The Dow Jones Industrial Average closes above 14,000 for the first time in history. [38] [132.89] [227]
August 9
  • The Dow Jones Industrial Average loses 387.18 points, its largest single-day drop since February 27. [38]
October 9
  • The Dow Jones Industrial Average closes at a high of 14,164.53. [227]

2008

February 19
  • The Dow Jones Industrial Average removes Altria Group Incorporated and Honeywell International Incorporated from its index, replacing them with Bank of America Corporation and Chevron Corporation. [113.8] [228]
March 18
  • The Dow Jones Industrial Average closes 420 points higher than the previous day. [35]
September 22
  • The Dow Jones Industrial Average removes American International Group from its index, replacing it with Kraft Foods. [227]
September 29
  • The Dow Jones industrial average posts its largest point decline ever, 778 points, 6.98 percent of total value. The benchmark Standard & Poor's 500 Index has its worst day since the 1987 crisis with an 8.8 percent drop, or 106.59 points. The Nasdaq Composite Index loses 199.61 points, or 9.14 percent. Latin American stocks tumble 13 percent, their biggest decline in more than a decade. Gold price jumps up, and US crude oil drops $10 to close at US$96.37 per barrel. World stocks, as measured by the MSCI's world index, lose about $1.7 trillion for the day. [35] [57] [105] [227]
September 30
  • The Dow Jones Industrial Average rebounds by 485.21 points (4.68 percent), the third largest one-day point gain. [227]
October 4
  • The Dow Jones Industrial Average drops below 10,000. [265.9]
October 7
  • New York stocks drop for a fifth straight day, resulting in the Dow Jones Industrial Average's biggest five-day point loss ever, more than 1400 points, or nearly 13 percent. [35]
October 9
  • Canada's TSX composite index closes down 456 points at 9,600, a 4.5 per cent decline. In New York, the Dow Jones loses 679 points or 7.3 per cent, while the Nasdaq sheds 95 points or 5.5 per cent. [105]
October 13
  • The Dow Jones Industrial Average rebounds 936.42 points, nearly doubling the largest daily point gain in history, bringing the index back above 9,000 points. Stocks worldwide add more than US$1.7 trillion in value, based on a record 9.3 percent gain in the MSCI world equity index. [35] [227] [257.86]
October 15
  • The Dow Jones Industrial Average index falls 733 points (7.87 percent) to 8,577 points, its biggest percentage fall since October 1987. The United Kingdon's FTSE 100 falls 7.16 percent, Germany's Dax drops 6.49 percent, and France's Cac 40 loses 6.82 percent. [57] [227] [257.12]
October 28
  • The Dow Jones Industrial Average rises 889.35 points, or 10.88 percent, to 9,065.12, its second-biggest point gain. The Standard & Poor's 500 Index gains 91.59 points, or 10.79 percent, to 940.51, also its second-biggest point gain. The Nasdaq Composite Index rises 143.57 points, or 9.53 percent, to 1,649.47. [35]
November 19
  • The Dow Jones Industrial Average falls below 8000. [308.84]

2009

February 23
  • The Dow Jones Industrial Average posts its lowest closes since the spring of 1997, dropping 250.73 points, or 3.40 percent, to 7,114.94. [35]
March 2
  • The Dow Jones Industrial Average closes below 7,000 for the first time since May 1997, dropping 299.64 points, or 4.24 percent, to 6,763.29. [35]
October 14
  • The Dow Jones Industrial Average breaks through the 10,000 level for the first time in a year. The index has risen 52.9 percent since a 12-year low in March. [35]

End of 1954-2009.
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1884-1953 1954-end


A list of references to all source material is available.

Other web pages of interest:

  • Chronology of World History
  • This Day in History
  • Last updated: 2009 October 30.
    Copyright © 2008-2009 Ken Polsson (email: kpolsson@islandnet.com).
    URL: http://www.islandnet.com/~kpolsson/dowjones/
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