What is the Dow Jones: A Short Overview
The Dow Jones Industrial Average (DJIA), often nicknamed the Dow Jones or simply the Dow, is one of the most watched stock indexes in the world. It is a price-weighted average of the 30 largest publicly traded companies on the New York Stock Exchange.
The Dow acts as a barometer of the US economy, as the 30 companies’ performance is indicative of the economy as a whole. The Dow Jones was first calculated on May 26, 1896, when it started at 40.94 points on the first trading day. Since its inception, the Dow has served as an important indicator of the American economy, and it has been widely followed and reported on by media outlets around the world.
What is the Dow Jones Right Now?
At the time of writing, the Dow Jones is sitting at an all-time high of 32,776.14 points. The Dow has been on a steady march higher since the lows it experienced during the Covid-19 pandemic in March of 2020. This is due to unprecedented stimulus from central banks across the world, as well as positive news surrounding the global rollout of Covid-19 vaccines.
Additionally, the new Biden Administration has promised continued support for the US economy, which has fueled investor confidence further.
The Record High of the Dow Jones
The Dow has performed phenomenally well in 2021, setting several all-time record highs in the process. On Monday, January 25th, 2021, the Dow Jones reached an all-time high of 31,458.69 points before closing at 31,385.95 points.
The previous record high for the Dow Jones was set on February 12th, 2020, when it closed at 29,551.42 points. This shows the impressive gains that have been made since then, and highlights the fact that investor confidence in the US economy is at an all-time high.
Conclusion
The Dow Jones Industrial Average has been on a steady march higher since the lows it experienced during the Covid-19 pandemic in March of 2020. This is due to unprecedented stimulus from central banks across the world, as well as positive news surrounding the global rollout of Covid-19 vaccines.
Currently, the Dow Jones is sitting at an all-time high of 32,776.14 points, breaking the previous record high set in February 2020. This shows just how far the US economy has come since the dark days of the pandemic, and highlights the impressive gains that have been made since then.