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


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

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