A Fast Thousand Points on the Dow Just Isn’t What It Used to Be
- The century-old measure close to topping 20,000 for first time
- It threatens 1999’s record of 35 days to travel 1,000 points
Rally Like It’s 1999… Not Quite Yet
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As it stands, the Donald Trump bull market has a shot at knocking off a dot com-era record pertaining to how fast the Dow Jones Industrial Average travels 1,000 points to a round-number milestone. But don’t be fooled, the rally remains a pipsqueak compared with past bouts of euphoria.
Consider the daily pace of gains. The Dow has risen an average of 0.18 percent a session over the past two weeks, about two-thirds the rate between March and May in 1999, when it went from 10,000 to 11,000 in a little over a month, data compiled by Bloomberg and S&P Dow Jones Indices show.