Dow goes from 37,000 to 38,000 in just 40 days. A history of the Dow and big round numbers
Publishing timestamp: 2024-01-23 13:00:28
Summary
The Dow Jones Industrial Average closed at a new record high above 38000 on Monday. The average number of days between thousand-point milestones for the Dow has gotten shorter over time. The Dow crossed the 38000 mark for the first time just 40 calendar days after its previous milestone. This is part of a string of milestones on Wall Street, including the S&P 500 setting a record high and confirming a new bull market. The Dow's thousand-point milestones serve as a short-hand history of Wall Street, and the gaps between milestones are particularly small during big market rallies. The Dow is not considered the best representation of the U.S. stock market but holds historical importance.
Sentiment: NEUTRAL
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