Founded in 1993, The Motley Fool is a financial services company dedicated to making the world smarter, happier, and richer. You can calculate DJIA’s 1 month return from DJIA’s value today and DJIA’s value 30 days ago. You can also do the same calculation for yesterday and DJIA’s value 31 days ago etc.

Financials lead S&P 500 sectors after strong bank earnings

The factor is changed whenever a constituent company undergoes a stock split so that the value of the index is unaffected by the stock split. The Dow Jones Industrial Average (DJIA), Dow Jones, or https://www.forex-world.net/ simply the Dow (/ˈdaʊ/), is a stock market index of 30 prominent companies listed on stock exchanges in the United States. The index had three nine-day runs, last occurring in 1955 (when there were four nine-day stretches). The Dow continuously moved higher eight months in a row (the last occurrence of this was in 1995). The index closed above 23,000 on Oct. 18, 2017; slightly more than a month later, it broke 24,000. The Dow had two streaks lasting more than 10 days, which had not occurred since 1959.

Dow Jones – DJIA – 5 years chart of performance

That’s compared to 33.3 for the Invesco QQQ Trust (QQQ 0.42%), an ETF that mirrors the performance of the 100 largest Nasdaq stocks. If you think about the industries that have contributed to economic growth over the last decade, a lot of them are tech-related. Just think about how much phones have evolved and all the industries and companies that have benefited. Or e-commerce, streaming, cybersecurity, cloud and software infrastructure, semiconductor innovations, mobile banking, electric vehicles, the energy transition, and more. These are just some of the trends that have driven growth in the Nasdaq more than the Dow. We’ve included a few key shocks to the stock markets along these timelines in addition to the presidents who were in office.

• That is the second-fastest rise in U.S. history (currently, the record is 24 sessions to go from 10,000 to 21,000 in 1999).
• This marked the longest string of weekly advances in 2024 for both the Dow and S&P 500, which respectively ended 0.96% and 0.85% higher.
• Because of the price-weighted calculation method, a $1 change in the price of a stock in the DJIA doesn’t equate to one point in the index since that depends on the Dow divisor at the time.
• The Dow had two streaks lasting more than 10 days, which had not occurred since 1959.
• American Airlines (AAL) shares slumped in premarket trading Thursday as the carrier’s soft outlook outweighed stronger-than-expected fourth-quarter results.
• 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.
• The most recent all-time-high record (as of this writing) was on Jan. 4, 2022, when it closed at 36,799.65.

Latest CPI data shows prices increased less than expected in December

The Invesco QQQ Trust’s expensive multiple shows that investors are banking on future earnings, not present earnings. Best forex signals And because of that, Nasdaq stock prices have grown at a faster rate than earnings. One of the largest Dow exchange-traded funds (ETFs), the SPDR Dow Jones Industrial Average Trust (DIA -0.33%), has an average component price-to-earnings ratio of 22.1.

Dow 1250 to 2500: 1,394 days

Shares of Elevance Health (ELV) advanced Thursday after the health insurance provider reported better-than-anticipated results on higher premiums, acquisitions, and growth of its pharmacy coverage unit. Stocks closed solidly higher on Thursday for the fourth straight session as investor optimism about the new Trump administration continues to run high. “The report should reduce the probability of near-term Fed cuts, though our more favorable outlook on inflation keeps us thinking a March cut is still more likely than not,” analysts at Morgan Stanley said in a note. At Bank of America, economists now believe the Fed is done cutting rates — and see a growing possibility that central bankers may, instead, need to consider raising rates. Fear was the sentiment driving the market Friday, according to CNN’s Fear and Greed Index. Additionally, President-elect Donald Trump’s proposed tariff policies, including reports of declaring a national economic emergency to impose widespread tariffs, has spooked investors, sending bond yields surging.

• Spirits also got a boost from Wall Street bank earnings reports, which brought surging profits thanks to a dealmaking revival and investment banking strength.
• Procter & Gamble also reported better-than-expected earnings, while revenue fell short of estimates.
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• In early 1981, the index broke above 1,000 several times, but then retreated.
• The manufacturer of airplane engines and other parts reported net income of $1.9 billion, or $1.75 per share, on $10.81 billion in revenue.
• The Dow Jones Industrial Average achieved a new all-time high close of 37,557.92 on Dec. 19.

In early 1981, the index broke above 1,000 several times, but then retreated. After closing above 2,000 in January 1987,43 the largest one-day percentage drop occurred on Black Monday, October 19, 1987, when the average fell 22.61%. Through Wednesday’s close, the stock had gained 33% over the bitbuy review last 12 months, while United and Delta shares had surged 166% and 78%, respectively. Shares of GE Aerospace (GE) surged in premarket trading Thursday after the company reported fourth-quarter results far above analysts’ estimates. The stark contrast in valuation shows that premium investors are willing to pay for growth right now. And it also shows that, despite a strong year-to-date return for the Dow, the index is still a fairly good price.

Bitcoin nears $100,000, following broader market higher

Union Pacific (UNP) shares surged Thursday after the big freight carrier posted better-than-expected earnings as its costs for fuel declined. In other markets, bitcoin was at $104,000 in late-afternoon trading, up from a low of $101,200 this morning. The digital currency hit a record high above $109,000 on Monday ahead of Trump’s inauguration amid investor hopes that the new administration will adopt policies that support the crypto industry. Traders on Friday expect a 25% chance the Fed will cut rates in March, down from Thursday’s expectations of a 41% chance, according to the CME FedWatch Tool.