Whether you follow the stock market or not, you have probably heard of the Dow Jones Industrial Average, or simply the Dow. When people refer to the “stock market,” they are likely referencing the Dow, which represents 30 of the largest, most well-known companies in the U.S.
Our chart this week shows the daily returns of this popular index over the past 10+ years. By way of tradition, the Dow’s performance is generally quoted in points, so Tuesday marked a milestone when it closed above 30,000 for the first time!
There is nothing particularly significant about the 30,000 level besides it being a big round number that captures people’s attention. However, it shows that, given a long enough time horizon, the stock market generally goes up over time. And despite concerning valuations, fresh new highs are a good thing for investors.
This is intended for informational purposes only and should not be used as the primary basis for an investment decision. Consult an advisor for your personal situation.
Indices mentioned are unmanaged, do not incur fees, and cannot be invested into directly.
Past performance does not guarantee future results.