Dow Jones Industrial Average Archives

March 11, 2025March 11, 2025

U.S. markets tumble as Trump and his administration dismiss stock slump and economic concern

The Elon Musk-led Department of Government Efficiency claims to be streamlining the federal government’s spending

But it has so far sown confusion, with the Trump administration attempting to rehire employees it had previously fired.

DOGE presents a distorted reflection of the current state of the U.S. economy. U.S. President Trump has implemented a series of policies to try to stimulate effect, frequently modifying them mid-course, resulting in collateral damage within the country’s own borders.

U.S. markets have been on a downward trend and were significantly impacted on. Tesla shares have lost some 50% since Trump’s election. Consumers are also boycotting Tesla vehicles.

Tariffs, according to Trump, are meant to protect U.S. businesses and punish trade partners. But so far, it seems that the world’s biggest economy is the one suffering.

Dismal day in the markets

U.S. stocks experienced a rout Monday 10th March 2025 as fears of a recession gripped investors. The S&P 500 dropped 2.7%, the Dow Jones Industrial Average lost 2.08% and the Nasdaq Composite sank 4% in its worst session since September 2022.

The White House downplayed the market slump, saying it’s not as ‘meaningful’ as business activity (what does that mean exactly)?

Asia markets also retreated Tuesday 11th March 2025. Japan’s Nikkei 225 fell around 1% amid a weaker-than-expected showing for its fourth-quarter gross domestic product (GDP).

November 11, 2024November 11, 2024

U.S. stocks just keep hitting new highs!

The U.S. stock market sunbathed in another day of records on Friday 8th November 2024.

The Dow and S&P 500 recorded their best week in a year after Trump’s election win.

The Dow Jones Industrial Average rose 259.65 points to close at 43,988.99 and broke the 44,000 barrier in intraday trading. The Dow Jones traded above 44,000 for the first time ever during the session.

The S&P 500 closed at 5,995.54, after briefly trading above 6,000 – a first for the S&P 500.

The tech-heavy Nasdaq Composite slowed at 19,286.78 but set an intraday record high as well.

Dow Jones one-year chart as of: 8th November 2024

S&P 500 one-year chart as of: 8th November 2024

November 4, 2024November 4, 2024

Nvidia promoted to Dow Jones Industrial Average at the expense of Intel

Nvidia is set to replace its rival chipmaker Intel in the Dow Jones Industrial Average, signifying a significant change in the blue-chip index that highlights the surge in artificial intelligence and a substantial shift within the semiconductor industry.

Intel’s shares fell by 1% in extended trading on Friday 1st November 2024, while Nvidia’s shares increased by 1%. Intel has now lost over half its value.

The update will take place on 8th November 2024. Also, Sherwin Williams will replace Dow Inc. in the index, the S&P and Dow Jones said in a statement.

Nvidia‘s shares have surged over 170% in 2024, following a roughly 240% increase last year, as investors flock to the AI chipmaker. Nvidia’s market capitalisation has expanded to $3.3 trillion, ranking it second only to Apple among publicly traded companies.

Nvidia one-year share price chart

Major companies such as Microsoft, Meta, Google, and Amazon are acquiring Nvidia’s graphics processing units (GPUs), like the H100, in large quantities to create computer clusters for AI projects. Nvidia’s revenue has more than doubled for five consecutive quarters, with at least a threefold increase in three of those quarters. The company has indicated that the demand for its forthcoming AI GPU, Blackwell, is ‘insane’.

With Nvidia‘s inclusion, four of the six tech companies valued at over a trillion dollars are now part of the index, leaving Alphabet and Meta as the two not listed in the Dow.

October 15, 2024October 15, 2024

China stocks drop after trade data disappoints Hang Seng falling 4%

Chinese stocks declined on Tuesday 15th October 2024, contrasting with the broader gains in other Asia markets, which followed record highs reached by the Dow Jones Industrial Average and the S&P 500 on Wall Street

The CSI 300 index in Mainland China fell to close at 3,855.99, and the Hang Seng index in Hong Kong decreased by 3.67% to finish at 20,318.79.

After the markets closed on Monday 14th October 2024, China reported disappointing trade figures for September 2024, with exports increasing by only 2.4% from the previous year and imports rising a mere 0.3%, both significantly below expectations.

China CSI 300 index one-day chart

October 15, 2024October 15, 2024

New records for Dow Jones and S&P 500

On Monday, 14th October 2024, the Dow Jones Industrial Average and the S&P 500 both reached new record highs

The S&P 500 climbed to 5,859.85, and the Dow Jones, composed of 30 stocks, increased by 201.36 points to 43,065.22.

Both indices achieved all-time highs and closed at record levels, with the Dow Jones surpassing 43,000 for the first time at the close of the session.

Dow Jones Industrial Average one-year chart

S&P 500 one-year chart

July 25, 2024July 25, 2024

U.S. stocks slip as Nasdaq tumbles for worst day since 2022 – Tesla and Alphabet fall

Stocks sold off Wednesday 24th July 2024, blighted by underwhelming reports from Tesla and Alphabet – leading the Nasdaq Composite and the S&P 500 to post their worst sessions since 2022.

The S&P 500 index dropped to closing at 5427, while the tech-heavy Nasdaq slid around 3.65% to end at 17342. The Dow Jones Industrial Average shed 504 points closing at 39853.

Nasdaq Comp one day chart 24th July 2024

Shares of Google parent company Alphabet fell 5% for their biggest one-day drop since 31st January, when they dropped 7.5%. Although Alphabet reported good numbers, YouTube advertising revenue came in below the consensus estimate causing share to dip.

Alphabet one day chart 24th July 2024

Tesla shares declined around 12% – their worst day since 2020 – on weaker-than-expected results and a 7% year-on-year drop in auto revenue.

Tesla one day chart 24th July 2024

July 17, 2024July 17, 2024

Market rotation helps Dow to a 743-point one day gain to close at a record high. Russell 2000 and crypto benefit

The Dow Jones Industrial Average closed at a record high Tuesday 16th July 2024, rallying 743 points for its biggest one-day increase in more than a year, as the bull run appeared to broaden.

The small cap-focused Russell 2000 also rose for the fifth straight day, rising 3.5% fast closing in on a new record high as the money continues to rotate from tech stocks.

Russell 2000 index one year chart

The Dow Jones finished at 40,954, marking an increase of 1.85% for the day. It has experienced consistent daily gains since the previous week, culminating in an overall rise of over 4% over the past five trading days. The closing value on Tuesday 16th July 2024 represents the largest single-day gain since June 2023.

Dow one year chart as at: 16th July 2024

The market saw an uptick amidst a broader rally, driven by the news that June retail sales exceeded expectations, strong earnings reports to date, and the expectation of a benchmark interest rate reduction by the Federal Reserve in September.

Positive remarks from the Federal Reserve about potential interest rate cuts are bolstering market sentiment. Additionally, the buzz surrounding Trump’s re-election campaign and the recent assassination attempt on Trump at one of his election rallies seem to be influencing market movements as well.

However, Donald Trump reportedly said Taiwan should pay the U.S. for defence, in an interview with Bloomberg Businessweek published on Tuesday 16th July 2024. His comment had a negative impact on chip and tech stocks.

Crypto is enjoying the market rotation as more money is being ploughed back into cryptocurrencies. Bitcoin jumped from a low point in July 2024 of just below $56,000. Altcoins are also enjoying a mini-recovery.

Bitcoin benefitting from markets rotation – one year chart

January 23, 2024January 23, 2024

Dow hits new record high breaching 38000 for the first time ever

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!

October 21, 2023October 21, 2023

U.S. 10-year Treasury yield hits 5% for the first time since 2007 – Dow closes down nearly 300 points

Stocks retreated Friday as a surge in the 10-year Treasury yield prompted broader concerns about the state of the economy.

The Dow Jones Industrial Average (DJIA) is one of the most widely followed stock market indices in the world. It tracks the performance of 30 large U.S. companies from various sectors, such as Boeing, Coca-Cola, Apple and Walmart.

The DJIA is often used as a proxy for the overall health of the U.S. economy and investor sentiment.

Market pressure

Lately, the DJIA has been under pressure as U.S. Treasury yields have climbed to their highest levels in over sixteen years.

Treasury yields are the interest rates that the U.S. government pays to borrow money by issuing bonds. When Treasury yields rise, it means that investors are demanding higher returns to lend money to the government, which reflects their expectations of higher inflation and economic growth.

Treasury yields

Higher Treasury yields can have a negative impact on the stock market for several reasons. Firstly, they increase the borrowing costs for companies and consumers, which can affect spending and profits.

Secondly, they make bonds more attractive as an alternative investment to stocks, which can reduce the demand for equities.

Thirdly, they can signal that the Federal Reserve may tighten its monetary policy sooner than expected, which can also dampen the stock market’s momentum.

The DJIA has fallen by more than 300 points in recent days as Treasury yields climbed above 5%, a level not seen since 2007. The rise in yields was driven by strong economic data, such as the September 2023 consumer price index (CPI), which showed that inflation remained elevated at 3.7% year-over-year. But only 1.7% off the Fed target of 2%.

Dow Johns Industrial Average close 20th September 2023

U.S. 10-year Treasury yield hits 5% for the first time since 2007 – Dow closes down nearly 300 points

The S&P 500 lost 1.26% to 4,224. The Nasdaq dropped 1.53% to 12,984. The Dow Jones Industrial Average lost 287 points, or 0.86%, to end at 33,127.28.

The yield on the benchmark 10-year Treasury crossed 5% for the first time in 16 years on Thursday 19th October 2023, a level that could easily spread through the economy by raising rates on mortgages, credit cards, vehicle loans and more. It retreated slightly from this value on Friday 20th October 2023.

Not to mention, it offers investors an attractive alternative to stocks.