- Feb 22, 2013
- Reaction score
The Dow just hit 30,000. It was a long road to get there
New York (CNN Business)Dow 30,000 is a milestone nearly 125 years in the making.
The average began tracking the most powerful corporate stocks in 1896, and it has served as a broad measure of the market's health through 22 presidents, 24 recessions, a Great Depression and two global pandemics. Along the way, it also weathered at least two stock market crashes and innumerable rallies, corrections, bull and bear markets.
The blue chip index took just over 120 years to crack the 20,000 mark for the first time in early 2017, just after President Donald Trump took office. It needed just less than a year after that to reach the 25,000 mark on January 4, 2018.