The Markets
DJIA Recovery Among the Fastest Ever
The Dow Jones industrial average closed above 12,000 yesterday, the first time it has closed that high since June 19, 2008.
Reported by Nevin E. Adams
That’s an 84% gain from March 9, 2009, when it hit a 12-year low of 6,547 – a passage of “just” 480 trading days.
According to the Associated Press, the Dow has had four other gains as large that were even faster, but you have to go back pretty far to find them:
- February 17, 1933, through July 18, 1933: Up 117% in 109 trading days.
- July 8, 1932, through September 7, 1932: Up 94% in 51 trading days.
- November 9, 1903, through March 9, 1905: Up 84% in 397 trading days.
- March 25, 1898, through September 5, 1899: Up 85% in 431 trading days.