The Dow Jones Industrial Average (DJIA) reached a new high on 22nd January 2024, closing at 38,001.81 points
One year chart for the Dow Jones Industrial Average (DJIA)
The index reached 38109.20 points in intraday trading. Recently the S&P500 and the Nasdaq set new highs.
The Dow
The Dow Jones is a market index that tracks the performance of 30 large US companies. It is also known as the Dow Jones Industrial Average (DJIA) or simply ‘the Dow’.
The DJIA is one of the oldest and most widely followed stock market indicators in the world. It reflects the health and sentiment of the U.S. economy and business sector.
The index was created in 1896 by Charles Dow and Edward Jones, who were journalists at The Wall Street Journal. The first calculation was done on 30th June 1896, with a base value of 40.
Some 128 years later, the index has a value of 38001 – a record high!