What happened to the dow jones industrial average today
Avie Schneider. The stock market has continued to be volatile in recent weeks over growing fears that the spread of coronavirus will push the world economy into recession. Timothy A. The meant that the blue chip index entered bear market territory, ending its year winning streak. The blue chip index fell 1, points, or nearly 5.
What Is the Dow Jones Industrial Average (DIJA) All-Time High?
US stocks fell on Monday as oil prices crashed into negative territory for the first time ever, notching record lows. The losses in oil came amid plummeting demand due to the coronavirus pandemic, which is offsetting historic production cuts. The percentage move also marked the biggest single-day drop.
Here's where major US indexes stood at the 4 p. ET market close on Monday:. Investors also weighed how the virus would affect a slew of technology earnings coming up this week. Several big technology companies — including IBM , Netflix , Snap , and Intel — are getting ready to report first-quarter earnings that will show the early impact of the pandemic.
Read more: One of the world's best small-company fund managers tells us how he finds 'hidden growth' that others miss — and shares his 3 top picks for the year ahead. The Nasdaq was briefly led into positive territory midday by Netflix and Amazon , which gained 3. Still, technology stocks have largely outpaced the broader market amid the coronavirus-induced rout. Both companies will report first-quarter earnings in the coming weeks. Stocks rose on hopes that the US economy would soon start to reopen after sweeping lockdowns to curb the spread of COVID, the illness caused by the coronavirus.
But that stood in stark contrast to several negative economic indicators released last week that showed the severe damage to the US economy. Dow tumbles points as oil crashes below zero for the first time ever. Carmen Reinicke. A group of big technology companies — including some of the so-called FAANG stocks — are unveiling first-quarter earnings this week.
It will be the first period to show the coronavirus pandemic's effects on business. Read more on Business Insider. Find News. Follow us on:. Also check out:. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service , Cookie Policy , and Privacy Policy.
Follow the stocks in the Dow Jones Industrial Average today in the stock market. DJIA | A complete Dow Jones Industrial Average index overview by MarketWatch. %. 1 Month. %. 3 Month. %. YTD. %. 1 Year. %.
Although it is one of the most commonly followed equity indices, many consider the Dow to be an inadequate representation of the overall U. The value of the index is the sum of the price of one share of stock for each component company divided by a factor which changes whenever one of the component stocks has a stock split or stock dividend , so as to generate a consistent value for the index. Since the divisor is currently around 0.
The Nasdaq Composite advanced 0.
On this particular Friday in May, we learned that the United States hemorrhaged more than 20 million jobs in the month of April. That's pretty much a minimum number.
Here's what happened to the stock market on Wednesday
US stocks fell on Monday as oil prices crashed into negative territory for the first time ever, notching record lows. The losses in oil came amid plummeting demand due to the coronavirus pandemic, which is offsetting historic production cuts. The percentage move also marked the biggest single-day drop. Here's where major US indexes stood at the 4 p. ET market close on Monday:.
Dow Jones Industrial Average
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This post was updated May 1 at p. Eastern time. Apple failed to provide financial guidance to investors for the first time since Amazon also revealed how the pandemic has been affecting the company.
Dow Dives 1,400 Points, Entering Bear Market, As Coronavirus Fears Grow
The Dow all-time high was 29, Primarily, rate cuts in and pending trade wars in early helped further bolster the index. However; it may be a while before another Dow Jones all-time high is hit; as of April , the market has since seen a decline, signaling a shift to a bear market. The DJIA has consistently hit new highs over the last decade or so. The most recent Dow all-time high of 29, This bull market of 11 years started on March 11, , and ended on March 11, The index hit 22 record closes in The Dow has a storied history, introduced in its initial form in While the recent decade has shown strong economic growth, leading to plenty of record highs for the Dow, there have been significant plunges as well, both over periods of time and in dramatic single-day or single-moment drops. It hit a low of
Here's what happened to the stock market on Friday
The Dow Jones is no longer a good proxy for the U. In the post-coronavirus world, it will be even less relevant. Once the pandemic dust settles, the Dow will no longer be the indicator of the U. The U. The Dow fell 1. Well, perhaps investors are finally realizing the Dow Jones is a terrible proxy for the U. The Nasdaq , with its emphasis on innovation and technology, may now present a better indicator of the modern, post-coronavirus world. Professor Jeremy J.
