The Dow Jones Industrial Average hit an intraday record high. The index is up 472 points, or 1.3% to 37049 at last check, reaching over 37000 for the first time. It's up just a little less than the S&P 500 and Nasdaq Composite, which have gained about 1.4% each.
The Dow Jones Industrial Average (DJIA) hit its record high on May 16, 2024, reaching 40,051.05 points during intraday trading. The Dow's all-time high at market close stands at 39,908.00, reached on May 15, 2024.
As of mid morning Thursday, the Dow was up more than another 100 points to crack the 40,000 mark for the first time in history. The Dow first surpassed 39,000 less than a month ago, on February 22, according to Carson Group. It first cracked 30,000 on November 24, 2020.
Traders work on the floor of the New York Stock Exchange during morning trading on May 17. The Dow Jones Industrial Average closed above the 40,000 mark Friday for the first time in its 139-year history.
The Dow Jones Industrial Average hit an intraday record high. The index is up 472 points, or 1.3% to 37049 at last check, reaching over 37000 for the first time. It's up just a little less than the S&P 500 and Nasdaq Composite, which have gained about 1.4% each.
Traders work on the floor of the New York Stock Exchange on May 16, 2024. Wall Street is buoyed by hopes the Federal Reserve will pull back on its restrictive monetary policy after data showed inflation is beginning to ease.
The 1987 stock market crash, or Black Monday, is known for being the largest single-day percentage decline in U.S. stock market history. On Oct. 19, the Dow fell 22.6 percent, a shocking drop of 508 points. The crash was somewhat of an isolated incident and didn't have anywhere near the impact that the 1929 crash did.
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