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 chart below, milestones are noted). Salesforce has been the leader in customer relationship management (CRM) software for 10 consecutive years, and the CRM market is forecast to grow by 14% annually through 2030.

By the end of 2023, the previous high, registered in January 2022, had been surpassed, and the 37,000 mark had been breached.

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 2 months. A ifc markets review bull market, or a bull run, is an extended period of rising stock prices. A bull market is the inverse of a bear market, which is a downward trending stock market.

1. The peak was led in part by a relaxation of concerns that the Federal Reserve would keep interest rates high because of inflation, thus dampening economic activity.
2. Titan’s investment advisory services are available only to residents of the United States in jurisdictions where Titan is registered.
3. Falling home prices throughout 2007 prompted defaults on subprime mortgages.
4. It hit two of them in the first few weeks in January, closing above 25,000 on Jan. 4.
5. Both of those factors sent inflation in the U.S. soaring to record levels not seen in over 40 years.
6. The tech-heavy Nasdaq inched up to 15,360 by the end of trading on Monday.

On Oct. 9, 2007, the Dow hit a pre-recession high, closing at 14,164.53 despite growing concerns around the subprime mortgage crisis. Leading up to the Great Recession, banks had offered easy home loans to virtually everyone, including those with bad credit. Falling home prices throughout 2007 prompted defaults on subprime mortgages.

Complete list of record closes

Stocks powered higher as Wall Street celebrated Nvidia’s blowout quarterly results, which beat sky-high expectations. That reassured investors about the strength of the AI mania that has lifted US stock gauges to record highs. US stocks soared on Thursday, breaching record highs, powered by blockbuster earnings from AI darling Nvidia (NVDA). Investors looking to capitalize on that dowmarkets should consider buying some of the more promising blue chip stocks in the Dow Jones. For instance, Salesforce and Microsoft have strong market positions and solid growth prospects that could unlock plenty of value for patient shareholders. Past performance is never a guarantee of future returns, but crossing the bull market threshold has historically been a good sign for stocks.

15This was the Dow’s close at the peak on October 9, 2007 before the financial crisis of 2007–2008. After reaching an intra-day low of 40.56 on July 8, 1932, the Dow started to recover with a major setback at the start of World War II. The following are some milestones achieved by the Dow Jones Industrial Average. In parentheses, when helpful, we provide the Dow’s points as inflation-adjusted to Feb. 23, 2024, for a relative comparing to its record high.

Dow All-Time Highs

The S&P 500 also reached a record high, closing at about 4,850. The tech-heavy Nasdaq inched up to 15,360 by the end of trading on Monday. 22This was the fastest 1,000 point gain taking only 5 trading days from closing above 32,000 to close above 33,000. 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. A November streak occurred after Donald Trump’s presidential win on Nov. 8.

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. A cyclical bull market is a period in which the stock market index is reaching 52-week or multi-year highs and may briefly peak at all-time highs before a rapid decline, as in the early 1970s. It usually occurs within relatively longer bear markets and lasts about three years. The Sept. 29, 2008 stock market crash is among the most dramatic economic events of U.S. history to date. Although the market’s 50% drop is less than the Great Depression’s 90% drop, it takes only 17 months to reach that low, compared to a period of four years in the 1930s. The Dow falls 13% in October 2008 and hits a new low for the year of 7,552.29 in November 2008.

The Early 2020s Bull Market (2020–

Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others. Please see Titan’s Legal Page for additional important information. Since the Dow tracks just 30 large-cap U.S. companies, some critics argue that it is too narrow to represent the state of the overall U.S. economy.

(25 record closes)

The previous high was recorded just a day prior, when the index ended the trading day at 36,585.06. Learn all about how the classification system that separates the stock market into 11 sectors can help investors understand the different sectors of the economy. In 2020, the Dow set a record high of 28,868.80 on Jan. 2 and questrade forex trading another record a week later. After experiencing three of the biggest drops in history during the spring of 2020, it broke 30,000 on Nov. 24 and ended the year at a record high of 30,606.48. As of March 2022, the Dow Jones’s all-time high at market close was 36,799.65, which took place two months earlier, on Jan. 4, 2022.