There have been ups and downs in the history of the Dow Jones Industrial Average index (DJIA). Some years brought as much as 30 percent of decrease in its value. Great Recession, however, took the largest toll on the Dow. In 1931, the index lost 52.67 percent of its value.
Index history
Dow Jones Industrial Average index (DJIA) is one of the most important stock market indices worldwide. It was created in 1896 by Charles Dow and Edward Jones. DJIA is the second oldest U.S. stock index after the Dow Jones Transportation Average, which was established in 1984.
Index components
DJIA reflects the performance of thirty large U.S. publicly traded companies. When the index was created, it was primarily composed of industrial companies, hence the index name. With time, the economic situation in the U.S. has changed and apart from industrial companies, which played a huge role in the market in the 19th and the beginning of the 20th century, also companies from other leading industries were incorporated into the index. At present, the DJIA index is composed of most renowned U.S. corporations, such as Coca Cola, Microsoft or Walt Disney.
FAQs
Dow Jones - 10 Year Daily Chart
Dow Jones Industrial Average - Historical Annual Data |
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Year | Average Closing Price | Annual % Change |
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2023 | 34,121.54 | 13.70% |
2022 | 32,898.34 | -8.78% |
2021 | 34,055.29 | 18.73% |
66 more rows
How much has the Dow dropped in 2023? ›
In 2023, the Dow gained 14%. Nasdaq Composite: The tech-heavy Nasdaq index was the year's biggest star, however. Although it was down 0.56% Friday, closing at around 4769, it rose by 43% in 2023 — its best performance since 2020.
What is the largest decline in Dow Jones history? ›
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.
How much is the Dow up since January 1, 2023? ›
The average closing price for the Dow Jones Industrial Average (DJI) between January 1, 2023 and July 18, 2024 is $35,770.33. It is up 22.7% in that time. The latest price is $40,660.
Was 2023 a good year for the stock market? ›
The final quarterly and annual numbers for 2023 were exceptionally good. They translate into substantial annual gains for millions of investors who hold stocks and bonds indirectly, through mutual funds, exchange-traded funds and trusts, often in workplace retirement accounts.
What is the year to date performance of the stock market in 2023? ›
Market Performance
As of the end of November 2023, the S&P 500 has posted a total return of about 21% for the year, well above its average annual return of around 10%.
What is the market index return for 2023? ›
Key Stats: 2023 Stock and Bond Market Performance
U.S. Stocks rose 26.4% (including dividends), the biggest rally in the US Market Index since 2019. Stocks were up 12.1% in the fourth quarter, the index's best quarterly performance since late 2020.
Is the stock market going to crash in 2024? ›
While many experts are making predictions about whether the market will crash in 2024 or how severe the next downturn will be, it's impossible to say with certainty where stock prices will be in the short term. However, the market's long-term performance is all but guaranteed to be positive.
What is the Dow Jones forecast for 2024? ›
In 2024, the Dow Jones rate is expected to trade between $37,000 and $38,000. Bank experts predict that corporate income will remain at the same level, which will support stocks during a recession.
What is historically the worst day for the stock market? ›
Oct. 19, 1987, also known as Black Monday, marked the largest one-day stock market decline in history.
Largest daily percentage losses
Rank | Date | Change |
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% |
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1 | 1987-10-19 | −22.61 |
2 | 2020-03-16 | −12.93 |
3 | 1929-10-28 | −12.82 |
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What was the worst year for the Dow Jones? ›
There have been ups and downs in the history of the Dow Jones Industrial Average index (DJIA). Some years brought as much as 30 percent of decrease in its value. Great Recession, however, took the largest toll on the Dow. In 1931, the index lost 52.67 percent of its value.
How did the Dow Jones perform in 2023? ›
The Dow Jones Composite Index finished the year 2023 at 12,249.97 points, an increase compared to the previous year. Even with the economic effects of the global coronavirus (COVID-19) pandemic, 2021 had the highest point of the index in the past two decades.
How much has the stock market dropped in 2023? ›
Most major indexes were able to erase their losses from a dismal 2022. Smaller company stocks had a late rally, but managed to erase the bulk of their losses from last year. The Russell 2000 index finished 2023 with a 15.1% gain after falling 21.6% in 2022.
Has the Dow ever hit $40,000? ›
The Dow Jones hits 40,000 for the first time. What to know about this major milestone.
How has the Dow Jones performed this year? ›
Performance
5 Day | 0.75% |
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1 Month | 3.76% |
3 Month | 6.14% |
YTD | 7.69% |
1 Year | 14.47% |
How did the stock market perform in February 2023? ›
The Dow Jones dropped 4.2% in February and is down about 1.5% for the year. The S&P 500 declined 2.6% and the Nasdaq was down 1.1% for the month.
How has the market performed in 2024? ›
The US stock market enjoyed a strong first quarter in 2024, advancing 10%. But inflation was stickier than some expected.
How much did the stock market close on january 3 2023? ›
The Dow Jones Industrial Average fell 10.88 points, or less than 0.1%, to 33,136.37. The Nasdaq fell 79.50 points, or 0.8%, to 10,386.98. The Russell 2000 index of smaller companies fell 10.51 points, or 0.6%, to 1,750.73.