Dow Jones Industrial Average

On January 20, 2009, the Dow Jones Industrial Average closed at 7,949.09 points. This date marked the inauguration of President Barack Obama amidst the financial crisis, which had significantly impacted the stock market. The Dow had experienced substantial declines in the months leading up to this date.

The Dow Jones Industrial Average closed at 1,211.36 on December 31, 1984. This marked an increase from the previous year, reflecting a period of economic growth during the early 1980s. The index was influenced by various factors, including monetary policy and corporate earnings at the time.

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As of October 2023, the highest point the stock market, specifically the S&P 500 index, reached was around 4,800 in January 2022. This peak reflected a significant rally in stock prices driven by economic recovery post-pandemic. However, stock market levels fluctuate frequently, so it's advisable to check the latest data for the most current highs.

In 1976, Amoco Corporation, then a major oil and gas company, had its stock trading at approximately $35 per share. However, stock prices can vary throughout the year due to market conditions, so it’s important to check historical data for specific dates. For precise figures, financial databases or historical stock market records should be consulted.

The Fisher's index is considered an ideal index because it effectively combines the strengths of both the Laspeyres and Paasche indices, thereby providing a more accurate reflection of price changes over time. It achieves this by averaging the two indices, mitigating the bias that can arise from using only one measure. Additionally, the Fisher index is flexible, allowing for changes in quantities and prices, which makes it robust and reliable for economic analysis. Its geometric mean approach ensures that it respects the principles of time reversal and factor reversal, further enhancing its validity as an index.

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On January 1, 1969, the Dow Jones Industrial Average was approximately 895. The index had experienced significant growth throughout the 1960s, reflecting a booming economy. However, it would soon face challenges in the following years, leading to increased volatility and changes in market sentiment.

The Dow Jones Industrial Average first hit the 1,000 mark on November 14, 1972. This milestone was significant as it marked a psychological barrier for investors and was a reflection of the economic conditions of the time. The index fluctuated after reaching this level, experiencing a decline during the subsequent recession.

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The largest single-day drop in the Dow Jones Industrial Average during a presidency occurred on March 16, 2020, when the index fell by 2,997 points, or about 12.9%, amid growing concerns over the COVID-19 pandemic. At that time, Donald Trump was the President of the United States. This drop reflected widespread panic in the markets as investors reacted to the rapidly escalating public health crisis and its potential economic impact.

On November 6, 2016, the Dow Jones Industrial Average closed at 18,332.74 points. This was just two days before the U.S. presidential election, which had significant implications for the stock market. The index experienced fluctuations in the lead-up to the election, reflecting investor uncertainty.

On January 1, 2013, the U.S. stock markets were closed for New Year's Day, so the Dow Jones Industrial Average did not have an official closing value on that date. However, the last closing value before January 1, 2013, was 13,104.14 on December 31, 2012. This figure reflects the performance of the index just before the new year began.

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When "nc" appears beside a stock, it typically stands for "no change," indicating that the stock's price has not changed from the previous trading session. This means that the stock closed at the same price as it did on the prior day. Investors may interpret this as a period of stability or indecision in the market regarding that stock.

The Dow Jones Industrial Average operates during regular trading hours from 9:30 AM to 4:00 PM Eastern Time (ET). Since Indian Standard Time (IST) is 10 hours and 30 minutes ahead of ET, the Dow Jones opens at 8:00 PM IST and closes at 2:30 AM IST the following day. During Daylight Saving Time, which typically runs from mid-March to early November, the opening and closing times shift to 7:30 PM IST and 1:00 AM IST, respectively.

The Dow Jones Industrial Average officially opens at 9:30 AM Eastern Time (ET) and closes at 4:00 PM ET on regular trading days. It operates on the New York Stock Exchange, which follows this schedule. Keep in mind that trading hours can vary during holidays or special circumstances.

The Dow Jones Industrial Average, as part of the New York Stock Exchange (NYSE), opens at 9:30 AM and closes at 4:00 PM Eastern Time (ET) on regular trading days. The market is also open for pre-market trading from 4:00 AM to 9:30 AM ET and after-hours trading from 4:00 PM to 8:00 PM ET. However, the official opening and closing times for the Dow are strictly at 9:30 AM and 4:00 PM ET, respectively.

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