This week's issue of Barron's magazine celebrates the fact that the Dow Jones industrial average is closing in on its all-time high, which it reached just over five years ago on October 9, 2007. The Dow closed that day at 14,164.53; it closed yesterday at 13,424.23, or 5.5 percent short of the record. That puts it around one really strong week away from setting a new record.
The S&P 500 also peaked on October 9, 2007, reaching its all-time high of 1565.15. The closest it has come to reaching those heights again was on September 14 of this year, when it peaked at 1465.77, or 6.8 percent short of the record. Yesterday's close of 1440.13 left it needing a gain of about 11 percent to get back to that all-time high.
The Nasdaq, on the other hand, is still a long ways away from its record highs, achieved during the dot-com days. It peaked way back on March 10, 2000, when the index closed at 5048.62, but it hasn't even been above 4000 since September of 2000. Yesterday's close of 3064.18 left it a whopping 65 percent shy of its all-time high.
No comments:
Post a Comment