FINANCE: Another Thou For the Dow

FINANCE: Another Thou For the Dow

It could be on a brass plaque near the trading floor: on Wednesday, April 17, the Dow Jones industrial average closed above 3000 for the first time in history. But what does the long-anticipated bench mark really mean? Statistically, the Dow's performance was a thing of wonder. The index first closed at more than 1000 on Nov. 14, 1972, took more than 14 years to close above 2000, then raced to last week's record-breaking 3004.46 close in little more than four years, barely missing a beat even during the crippling crash in October 1987. The milestone demonstrates that despite grim indicators...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!