Largest point gains of the Dow Jones Average 2023
March 24, 2020 saw the largest one-day gain in the history of the Dow Jones Industrial Average (DJIA), with the index increasing 2,112.98 points. This occurred approximately two weeks after the largest one-day point loss occurred on March 9, 2020, which was triggered by the growing panic about the coronavirus outbreak worldwide.
Index fluctuations
The DJIA is an index of 30 large companies traded on the New York Stock Exchange. It is one of the numbers that financial analysts watch closely, using it as a bellwether for the United States economy. Seeing when these large gains occur, as well as the largest one-day point losses, gives insight to why these fluctuations may occur. The gains in 2009 are likely adjustments after major losses during the Financial Crisis, but those in 2018 are probably signs of high market volatility.
Other leading financial indicators
While the DJIA is closely watched, it only gives insight on the performance of thirty leading U.S. companies. An index like the S&P 500, tracking 500 companies, can give a more comprehensive overview of the United States economy. Even so, this only reflects investment. Other parts of the economy, such as consumer spending or unemployment rate are not well reflected in stock market indices.
Index fluctuations
The DJIA is an index of 30 large companies traded on the New York Stock Exchange. It is one of the numbers that financial analysts watch closely, using it as a bellwether for the United States economy. Seeing when these large gains occur, as well as the largest one-day point losses, gives insight to why these fluctuations may occur. The gains in 2009 are likely adjustments after major losses during the Financial Crisis, but those in 2018 are probably signs of high market volatility.
Other leading financial indicators
While the DJIA is closely watched, it only gives insight on the performance of thirty leading U.S. companies. An index like the S&P 500, tracking 500 companies, can give a more comprehensive overview of the United States economy. Even so, this only reflects investment. Other parts of the economy, such as consumer spending or unemployment rate are not well reflected in stock market indices.
