The Dow Jones Industrial Average, also known as the Dow or DJIA, tracks 30 large, well-known companies that trade on the New York Stock Exchange and Nasdaq. The Dow kept hitting record highs in late 2024, reaching over 45,000 in December of that year. For 2025, GE Aerospace projects low-double-digit adjusted revenue growth after rising 10% to $35.1 billion in 2024, along with adjusted earnings per share (EPS) of $5.10 to $5.45, up from $4.60 this year. Trump asked Saudi Arabia and OPEC to lower oil prices, saying it would enable lower interest rates, referring to the Federal Reserve's high interest rates meant to subdue inflation. Constellation Energy (CEG), which has a contract with Stargate partner and OpenAI backer Microsoft (MSFT), rose 4% Thursday, bringing its gains for the week to about 9%.
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After two and a half months worth of several attempts, the Dow finally closed above 35,000 on Friday, July 23, 2021. 21After peaking on February 12, 2020, the Dow Jones rapidly fell into correction later that same month and into bear market territory in the next Finance derivatives examples month amid the COVID-19 pandemic. 20The Dow first traded above 29,000 on Friday, January 10, 2020, and again on Tuesday, January 14, 2020, but dropped back before closing on both days, it then closed above 29,000 on Wednesday, January 15, 2020. 13The Dow first traded above 10,000 on Tuesday, March 16, 1999, but dropped back before closing that day. The Dow closed at 9,997.62 on Thursday, March 18, 1999.18 It would take nearly two weeks to close above 10,000 on Monday, March 29, 1999.
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The Dow continued climbing and reached a record high of 14,198.10 on October 11, 2007, a mark which was not matched until March 2013.58 It then dropped over the next year due to the 2007–2008 financial crisis. The index is maintained by S&P Dow Jones Indices, an entity majority-owned by S&P Global. The ten components with the largest dividend yields are commonly referred to as the Dogs of the Dow. As with all stock prices, the prices of the constituent stocks and consequently the value of the index itself are affected by the performance of the respective companies as well as macroeconomic factors.
Record Highs Set in 2022
- These funds track the DJIA through a similar composition and weighting of stocks.
- It was the fourth consecutive quarter of average fuel cost declines.
- NEW YORK (AP) — U.S. stocks are drifting higher Thursday and adding to their records set a day before.
- The Dow suffered a market correction between August 2015 and April 19, 2016, leading to a 2016 downturn.
- Trade wars and bond market disruptions loom over an otherwise buoyant stock market.
- On March 29, 1999, the average closed at 10,006.78, its first close above 10,000.
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 indices have a downturn of 20% or more in value lasting for at least two months. Stock market gains since the 2008 financial crisis were mediocre in volume. Only three days traded more than 200 million shares, a level similar to the late 1990s. Through much of 2022 and 2023, investors were cautious and https://www.forex-world.net/ bearish about equity markets as inflation rocketed.
Union Pacific's earnings growth came as fuel costs plunged 23% to $581 million, and the average fuel price per gallon consumed dropped 24% to $2.41. It was the fourth consecutive quarter of average fuel cost declines. The shipper reported fourth-quarter earnings per share jumped 7% from a year ago to $2.91, exceeding analysts' expectations. Operating revenue fell 1% to $6.12 billion, slightly missing forecasts compiled by Visible Alpha.
- Constellation Energy (CEG), which has a contract with Stargate partner and OpenAI backer Microsoft (MSFT), rose 4% Thursday, bringing its gains for the week to about 9%.
- The Dow, S&P 500 and Nasdaq Composite are each up more than 2% so far this week, putting them on pace to post weekly gains for the second consecutive week.
- The Dow climbed above 38,000 in January 2024 and reached 40,000 by May.
- The Dow Jones Industrial Average (DJIA), Dow Jones, or simply the Dow (/ˈdaʊ/), is a stock market index of 30 prominent companies listed on stock exchanges in the United States.
- On September 15, 2008, a wider financial crisis became evident after the Bankruptcy of Lehman Brothers along with the economic effect of record high oil prices which had reached almost $150 per barrel two months earlier.
- Shares of Union Pacific were up close to 5% in intraday trading Thursday and have gained over 8% since the start of the year.
- Union Pacific (UNP) gained 5.2% after reporting better-than-expected earnings, while American Airlines (AAL) shares were down 8.7% after the carrier issued a disappointing outlook.
recommend the market-capitalization weighted S&P 500 Index or the Wilshire 5000, the latter of which includes most publicly listed U.S. stocks, as better indicators of the U.S. stock market.
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- Through Wednesday's close, the stock had gained 33% over the last 12 months, while United and Delta shares had surged 166% and 78%, respectively.
- Importantly, Wednesday’s pop was backed by the highest volume since the stock’s early-August sell-off, indicating institutional investors participated in the move higher.
- For 2025, GE Aerospace projects low-double-digit adjusted revenue growth after rising 10% to $35.1 billion in 2024, along with adjusted earnings per share (EPS) of $5.10 to $5.45, up from $4.60 this year.
- Revenue for the Carelon division climbed 19% to $14.7 billion on the "launch and growth of risk-based capabilities in Carelon Services and acquisitions completed in 2024."
- Another has been revived hopes that the Federal Reserve will be able to cut its main interest rate at least once or twice this year.
- The S&P 500 gained 0.5% to set a record closing high of 6,118.71 points, the first time it's finished at a record level since Dec. 6.
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- On July 3, the Dow hit a new high when the Trump administration announced it would resume trade negotiations with China, averting additional tariffs (taxes on imports).
- The CNN Business Fear & Greed Index, which looks at seven indicators of market sentiment, remained in “greed” territory as markets surged.
- 13The Dow first traded above 10,000 on Tuesday, March 16, 1999, but dropped back before closing that day.
- Arm shares broke out from a six-month symmetrical triangle this week, potentially paving the way for further upside.
- In other markets, bitcoin was at $104,000 in late-afternoon trading, up from a low of $101,200 this morning.
- Given its large-cap focus, the roster of companies included in the Dow fails to include companies of other sizes.
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- The two-year yield, which moves more closely with expectations for action by the Fed, rose to 4.77 percent from 4.72 percent late Wednesday.
- The bout of inflation that followed the COVID-19 pandemic led to another sharp sell-off in 2022.
- The market fell more than 50% in just a year and a half because of subprime mortgage and credit crisis that kicked off the Great Recession.
- The relief came after both Brent and WTI, the international and US benchmarks, closed at their lowest levels since late June on Fed worries.
- Shares of Constellation and rival Vistra have exploded over the past year, nearly tripling and quintupling in the last 12 months, respectively.
- After the end of the second World War, the Dow started another recovery that ultimately led to the all-time closing high set back in 1929.
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- The largest single-day drop, percentage-wise, that the Dow has had occurred when the market crashed on Oct. 19, 1987, Black Monday.
- The Dow fell 17% in three months, from 2,864.60 on Aug. 2 to 2,365.10 on Oct. 11, 1990.
- Howard Lutnick, Trump’s nominee to lead the Commerce Department, told reporters on Thursday all studies should be complete by April 1 and that Trump could act immediately afterward.
- It usually occurs within relatively longer bear markets and lasts about three years.
- The records set in the fall were the first ones since the Dow reached 26,616.71 on Jan. 26, 2018.
- Since the Great Depression, 2007 to 2008 has been the most dramatic period for the DJIA.
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- Analysts had expected profit of $1.2 billion, or $1.10 per share, on $10.01 billion in revenue, according to estimates compiled by Visible Alpha.
- Hong Kong’s Hang Seng jumped 1.6 percent after reopening following a holiday, while Japan’s Nikkei 225 rose 1.4 percent.
- The Dow, relying on share prices rather than market capitalization, passed 40,000 for the first time on May 16 after Walmart’s shares reached an all-time high.
- The yield on the 10-year Treasury was holding steady at 4.35 percent.
- Despite today’s roughly 2% rise, Elevance Health shares are down about 15% in the last year.
- Instead, an independent Wall Street Journal commission decides whether a share is to be included or excluded.
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- One report showed slightly more workers applied for unemployment benefits last week than economists expected, though the number remains low compared with history.
- The number of companies included in the index increased to 20 in 1916 and then to the current number, 30, in 1928.
- 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.
- In parentheses, when helpful, we provide the Dow's points as inflation-adjusted to Feb. 23, 2024, for a relative comparison to its record highs.
- On Thursday, speaking to participants at the World Economic Forum in Davos, Trump said he would use tariffs to push companies to make products in the U.S. and cut corporate taxes for companies manufacturing on U.S. soil.
- These big, round numbers don't mean much, but they do serve as a reminder that over time stock investments can pay off.
- Union Pacific (UNP) shares surged Thursday after the big freight carrier posted better-than-expected earnings as its costs for fuel declined.
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Where p are the prices of the component stocks and d is the Dow Divisor. Trading is typically carried out in an open outcry auction, or over an electronic network such as CME's Globex platform. The Dow responded with new highs throughout the latter part of 2019, even though trade negotiations had broken down until November. It hit a milestone on July 11, closing above 27,000, and then another on Nov. 15, closing above 28,000 (in the avatrade review chart below, milestones are noted).
How Often Does the Dow Jones Industrial Average Change?
It cut its forecast for profit over the full fiscal year below analysts’ estimates, as farmers buy fewer tractors and other equipment. Treasury yields have eased in May as hopes rose that the economy could hit the hoped-for sweet spot, where it cools enough to stifle high inflation but not so much that it causes a bad recession. Yields were holding relatively steady Thursday following some mixed data on the economy.
Warren Buffett's Berkshire reveals stake in Constellation Brands, cuts holdings of Citi, BofA
Then, in the last few months of 2023, investors began piling back in as hopes grew that interest rates would soon be cut and a nasty recession averted. By the end of 2023, the previous high, registered in January 2022, had been surpassed, and the 37,000 mark had been breached. No one knew if a new bull market had begun until the Dow hit a higher low on March 11, 2003, closing at 7,524.06.
