Dow Drops 400
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Although the mature stock-driven Dow hitting 50,000 is a milestone on its own, this highly watched index recently achieved a mark that's only been observed six times (including the present) in its nearly 130-year history -- and it's a highly bullish indicator for Wall Street.
Major stock indexes closed sharply lower Thursday, with the Dow Jones Industrial Average shedding 785 points, as oil prices jumped above $80 a barrel after Iran claimed to have attacked a tanker in the Strait of Hormuz.
The Dow Jones Industrial Average briefly dropped more than 1,000 points after the price of oil spiked to its highest level since the summer of 2024.
The Dow Jones Industrial Average is a widely followed measure used by investors and analysts to gauge the performance of the U.S. stock market. For more than a century, it’s been synonymous with the American stock market and economy at large.
The Dow Jones Industrial Average surged more than 1,200 points Friday, leading a broader stock-market rebound.
Dow Jones, S&P 500, and Nasdaq fell as US producer price data fueled inflation worries. Nvidia, Amazon, Salesforce, and Zscaler led tech sector losses.
Stocks: Real-time U.S. stock quotes reflect trades reported through Nasdaq only; comprehensive quotes and volume reflect trading in all markets and are delayed at least 15 minutes. International stock quotes are delayed as per exchange requirements.
The Dow Jones Industrial Average was picking up steam around midday Wednesday, up more than 300 points as the U.S. stock market broadly rebounded. The Dow Jones Industrial Average was up 325 points, or 0.
The Dow Jones Industrial Average surged to close above the 50,000 mark for the first time on Friday, a historic moment for the blue-chip index that has outperformed its Wall Street peers this year as investors sought names beyond technology.
They were the OGs of Wall Street—the best American businesses selected for the country's very first stock index. On May 26, 1896, journalist Charles Dow developed the concept of tracking industrial stock prices to help gauge the health of the U.