That was a very nice summery of Dow history.
Dow took out 3 losers and added 3 winners, MSFT, SBC & HD.
No wonder DOW keeps going up! <G>
We'll mihgt not be able to retrieve that link later, so here it is.
-----------------------------
Major events in the history of
The Dow Jones Industrial
Average
By Associated Press, 10/26/99 16:36
Some historic dates for the Dow Jones industrial average of 30
stocks:
July 3, 1884 Dow Jones publishes its first average of U.S.
stocks in the Customer's Afternoon Letter, a forerunner of The
Wall Street Journal.
May 26, 1896 An average consisting entirely of industrial
stocks first appears in the Journal.
Jan. 12, 1906 Average closes above 100 for the first time, at
100.25.
Oct. 4, 1916 A list of 20 industrials is substituted for the old
list of 12.
Oct. 1, 1928 List of industrial stocks is expanded to 30.
Sept. 3, 1929 Reaches its closing peak for the bull market of
the 1920s, at 381.17.
Oct. 28, 1929 The Great Crash of 1929. Dow plummets 38.33
points, nearly 13 percent, closing at 260.64.
July 8, 1932 Closes at a Depression low of 41.22, having fallen
89 percent in less than three years.
March 12, 1956 Closes above 500 for the first time, at 500.24.
June 1, 1959 Aluminum Co. of America, Owens-Illinois Glass,
Swift & Co. and Anaconda replace National Steel, National
Distillers, Corn Products and American Smelting.
Nov. 14, 1972 Closes above 1,000 for the first time, at
1,003.16.
Dec. 6, 1974 Closes at a 12-year low of 577.60, ending the
worst bear market since the 1930s.
June 29, 1979 International Business Machines and Merck
replace Chrysler and Esmark. IBM returns after being deleted
in 1939 to make room for American Telephone & Telegraph.
March 11, 1987 Coca-Cola Co. and Boeing Co. replace
Owens-Illinois Inc. and Inco Ltd. Coke returns after being
replaced in 1935 by National Steel.
Oct. 19, 1987 Crashes 508.00 points to 1,738.74, a drop of
22.6 percent that dwarfs the crash of 1929.
Oct. 13, 1989 Falls 190.58 to 2,569.26 on Friday the 13th
'Mini Crash' sparked by failure of a buyout of UAL Corp.,
parent of United Airlines.
May 6, 1991 Caterpillar Inc., Walt Disney Co. and J.P. Morgan
replace Navistar Corp., USX Corp. and Primerica Corp..
Nov. 20, 1995 Crosses 5,000 for the first time, trading as high
as 5,003.68, but then slips back to close at 4,983.09.
March 17, 1997 - Travelers Group Inc. (now Citigroup Inc.),
Hewlett-Packard Co. Johnson & Johnson and Wal-Mart Stores
Inc. replace Westinghouse Electric Corp., Texaco Inc,
Bethlehem Steel Corp. and Woolworth Corp.
Oct. 27, 1997 Falls 554.26 to 7,161.15, as worries over a
sharp selloff in Asian markets spread. Although the point drop
was a record, it amounted to just 7.2 percent.
Oct. 28, 1997 Rises 337.17 points, or 4.7 percent, to start a
rebound from the selloff a day earlier.
March 29, 1999 Closes above 10,000 for the first time, at
10,006.78.
May 3, 1999 Closes above 11,000 for the first time, at
11,014.69. In 24 trading days, it is the fastest 1,000-point
climb ever.
Nov. 1, 1999 Intel Corp., Microsoft Corp., SBC
Communications Inc. and Home Depot Inc. replace Chevron
Corp., Goodyear Tire & Rubber Co., Sears, Roebuck & Co.
and Union Carbide Corp. |
